The financing will support two 50MW facilities in the 1.8GW Benban complex, built under the country’s feed-in tariff programme.
Tag Archives | Middle East
The $650m financing package is backed by a Japan-led consortium of eight commercial lenders, with $220m in equity to be provided by the project sponsors.
The Saudi power firm is in discussions with a number of institutions following the decision to split its business in two.
The development bank was joined by Proparco and DEG Invest in providing debt for the 86MW power plant.
Acting on its $10bn clean energy commitment in January, National Bank of Abu Dhabi could be seeking to raise at least $500m.
A group of renewable energy investors led by Abu Dhabi’s Masdar has won the rights to build an 800MW solar project in Dubai.
The Dubai utility is inviting developers to bid to build a the first 200MW of the project.
The two development banks each committed $100m for a combined 33.4% stake in Turkey’s AkfenRE.
Dubai Electricity and Water Authority received five bids from international developers to build 800MW of solar by 2020.
The companies are bidding to build a 350MW solar project in which ADWEA will retain 60%, and investors and developers 40%.