Shuaa Energy 2 was launched in partnership with the Masdar-led consortium, and Électricité de France (EDF), through its subsidiary EDF Energies Nouvelles. EDF websites worldwide... The consortium owns the remaining 40 % of Shuaa Energy 2 . Masdar owns 24 % and EDF Energies Nouvelles owns 16 % . The international consortium led by the renewable energy contractor GranSolar from Spain, is handling the engineering procurement and construction (EPC).