UAE renewables giant Masdar and the Georgian Energy Development Fund have signed an agreement to develop a 100 MW solar plant in Georgia, according to a statement. No financial details or timeline were disclosed for the project.

Who’s doing what? Masdar and its partners will form a special-purpose vehicle to develop, design, finance, procure, construct, operate, and maintain the project, the statement adds.

We knew this was coming: Masdar signed in January a preliminary agreement with the Georgian Energy Development Fund to establish a joint venture company aimed at developing the country’s largest solar power plant.

Masdar is expanding its overseas portfolio: Masdar has inked an agreement with Worldwide Holdings Berhad to develop 1 GW of renewable energy projects in Selangor, Malaysia, focusing on floating solar, ground-mounted solar, rooftop solar, hydro, and hybrid systems. It has also acquired a 50% stake in US renewables firm Terra-Gen Power.

With more in the works: The company is also eyeing an undisclosed stake in Turkish wind producer Fiba Yenilenebilir Enerji and a majority stake in India’s Ayana Renewable Power. It also acquired in February shares in the geothermal unit of Indonesian government-owned geothermal utility Pertamina.

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