{
  "id": 19809979,
  "title": "Masdar completes $950m solar and battery storage project in US",
  "url": "https://urgent.news/2026/11/13/masdar-completes-950m-solar-and-battery-storage-project-in-us-19809979",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-13T12:14:51.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/11/13/masdar-completes-950m-solar-and-battery-storage-project-in-us/"
  },
  "original_language": "en",
  "account": "Masdar has finalized its $950 million Lockhart Solar and Storage complex in California, expanding its renewable energy portfolio in the US. The 365MW solar and 173.7MW battery storage project can supply electricity for around 350,000 homes and businesses annually. Developed by Terra-Gen, a joint venture of Masdar and Igneo Infrastructure Partners, the facility has off-take agreements with corporate buyers and long-term power purchase contracts with California entities. Masdar Americas President and CEO, Khaleefa Almheiri, emphasized the project's contribution to reliable, affordable power, job creation, and economic growth. The engineering and construction phase is projected to generate over 1,000 on-site jobs and generate more than $40 million in property tax revenue during its operational lifespan. As the demand for electricity escalates due to AI, advanced manufacturing, and economic growth, Masdar aims to be a long-term partner in powering America's future. With a $3 billion investment in the US thus far, Masdar plans to commit an additional $20 billion over the next decade, aiming to increase its US portfolio capacity to 25GW by 2030.",
  "summary": "Masdar has completed its $950 million Lockhart Solar and Storage complex in California as the Abu Dhabi clean energy company continues to expand its renewable energy portfolio in the US. With 365 megawatts of solar generation and 173.7MW of battery storage, the project can produce electricity to meet the annual needs of about 350,000 homes and businesses, Masdar said on Friday. The project was…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}