Abu Dhabi clean energy company Masdar has announced the completion of its $950 million Lockhart Solar and Storage complex in California, adding significant utility-scale generation and grid-stability assets to the U.S. market.
Developed by Terra-Gen, which is jointly owned by Masdar and Igneo Infrastructure Partners, the facility features 365 MW of solar photovoltaic generation paired with 173.7 MW of battery energy storage systems. Combined, the installation is designed to generate enough electricity to meet the annual needs of approximately 350,000 homes and businesses.
The multi-year construction effort drove substantial localized economic activity across the region. Over a four-year development span, the project supported more than 1,000 peak on-site construction jobs and accumulated roughly 880,000 working hours. Over its operational lifecycle, the facility is projected to deliver upwards of $40 million in local property tax revenue alongside direct community benefit funds. Commercially, the project is backed by a hybrid of long-term power purchase agreements with California load-serving entities and corporate offtake agreements.
The milestone underscores Masdar’s aggressive growth trajectory in the United States, where it has already invested approximately $3 billion. Backed by its shareholders TAQA, ADNOC, and Mubadala, the company plans to inject an additional $20 billion into the U.S. market over the coming decade.
Masdar is targeting an expansion of its U.S. renewable energy portfolio to as much as 25 GW by 2030, driven heavily by surging power demand from commercial data centers, industrial electrification, and domestic manufacturing load growth. Globally, the Abu Dhabi clean energy powerhouse continues scaling toward a 100 GW portfolio capacity target by the end of the decade.
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