Abu Dhabi’s Masdar to buy wind farm stakes from John Laing Group

Abu Dhabi Future Energy Company (Masdar) is set to acquire the John Laing Group’s stakes in two wind farms in the US. This will be Masdar’s first renewable energy investment in North America. The two wind farms are the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico. The deal is expected to close in the first half of 2019. The company has, however, not disclosed the value of the deal and the size of the stakes purchased.

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