ACWA Power has announced that ICBC is acting as the mandated lead arranger for a US$1.5 billion senior loan for the fourth phase of the Mohamed bin Rashid Solar Park, the largest thermo-solar power plant in the world. Financial close is expected shortly.
Energy Finance & Investment News in United Arab Emirates
The Municipality of Dubai has awarded the build, operate and transfer (BOT) contract for a waste-to-energy plant, set to be the largest in the world, to a consortium comprising BESIX, Belgium's largest construction company, and Hitachi Zosen Inova, an experienced waste-to-energy developer based in Switzerland.
Dubai’s Electricity and Water Authority (DEWA) has announced plans for Phase III of the Hassyan clean coal power plant. The authority began tendering for advisers in late December, seeking advisory services for the development of the project, which is to be developed by an independent power producer.
The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has shortlisted two bids to develop a 300MW solar photovoltaic plant in Sakaka, Al Jouf. This is the first competitively tendered utility-scale solar project in the country.
The consortium formed by EDF Energies Nouvelles and Abu Dhabi’s renewable energy company Masdar has submitted the world`s cheapest price for Saudi Arabia’s first solar project, in Sakaka.
An ACWA Power, Shanghai Electric consortium has been awarded the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site CSP plant in the world.
The financing for Phase 3 of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has been completed. The 800-MW project is being developed by a Masdar-led consortium.
Dubai Electricity and Water Authority (DEWA) has awarded the AED58 million (US$15 million) consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam to France’s EDF.
JinkoSolar Holding Co and Marubeni have reached the financial closure for their 1777-MW Sweihan Solar PV Independent Power Project located in Abu Dhabi.
Dubai Electricity and Water Authority has issued a Request for Proposal to all qualified bidders for a 200 MW Concentrated Solar Power Power Plant, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, and is accepting submissions by May.
EDF Group, via its subsidiary EDF Energies Nouvelles has joined the Masdar-led consortium developing the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.
Doosan Heavy Industries has secured US$200 million financing from The Export-Import Bank of Korea (KoreaExim Bank) for the developmet of the the Fadhili combined heat and power plant in Saudi Arabia.
Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400 MW Hassyan clean coal power project.
Dubai Electricity and Water Authority (DEWA) has signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
Dubai Electricity & Water Authority (DEWA) has received interest from 30 companies to develop a 200 MW concentrated solar power (CSP) plant.
Apricum, a transaction advisory and strategy consulting firm specialized in renewable energy, has announced the appointment of Yusuf Macun as partner.
Milbank, Tweed, Hadley & McCloy LLP has advised Korea Eximbank and the commercial banks (comprising First Gulf Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered Bank) on the financing of Barakah nuclear energy project.
Saudi Electricity Company (SEC) has announce the Successful Applicants as Lead Developer for Al-Jouf and Rafha Solar IPPs as follows:
Apricum, a transaction advisory and strategy consulting firm specialized in renewable energy, announces the appointment of Yusuf Macun as partner.