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Energy Finance & Investment News in United Arab Emirates

ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

ICBC to arrange US$1.5 billion debt financing for 700 MW solar project in Dubai

🕔Apr 18, 2018

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.

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IPPToday #144: Contract for world's largest waste-to-energy plant awarded

IPPToday #144: Contract for world's largest waste-to-energy plant awarded

🕔Jan 30, 2018

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.

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Third phase of Dubai clean coal plant underway with consultancy tender

Third phase of Dubai clean coal plant underway with consultancy tender

🕔Jan 23, 2018

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.

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IPPToday #131: Two bids shortlisted in Saudi Arabia's first utility-scale solar tender

IPPToday #131: Two bids shortlisted in Saudi Arabia's first utility-scale solar tender

🕔Jan 9, 2018

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.

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IPPToday #71: World's lowest-ever bid for 300 MW solar project in Saudi Arabia

IPPToday #71: World's lowest-ever bid for 300 MW solar project in Saudi Arabia

🕔Oct 4, 2017

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.

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IPPToday #61: Shanghai Electric, ACWA win US$3.9 billion CSP tender in Dubai

IPPToday #61: Shanghai Electric, ACWA win US$3.9 billion CSP tender in Dubai

🕔Sep 20, 2017

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.

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800-MW phase III Mohammed bin Rashid Al Maktoum Solar Park reaches FC

800-MW phase III Mohammed bin Rashid Al Maktoum Solar Park reaches FC

🕔Jun 15, 2017

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.

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DEWA awards hydroelectric consultancy contract to EDF

DEWA awards hydroelectric consultancy contract to EDF

🕔Jun 12, 2017

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.

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Marubeni and Jinko achieve financial close on the Sweihan solar project

Marubeni and Jinko achieve financial close on the Sweihan solar project

🕔May 25, 2017

JinkoSolar Holding Co and Marubeni have reached the financial closure for their 1777-MW Sweihan Solar PV Independent Power Project located in Abu Dhabi.

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Dubai is accepting proposals for CSP plant of the Mohammed bin Rashid Al Maktoum

Dubai is accepting proposals for CSP plant of the Mohammed bin Rashid Al Maktoum

🕔Apr 5, 2017

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.

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EDF Group acquires stake in Mohammed bin Rashid Al Maktoum Solar Park Phase III

EDF Group acquires stake in Mohammed bin Rashid Al Maktoum Solar Park Phase III

🕔Mar 24, 2017

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.

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ENGIE achieves financial closing for the Fadhili independent power project (IPP) in Saudi Arabia

ENGIE achieves financial closing for the Fadhili independent power project (IPP) in Saudi Arabia

🕔Feb 3, 2017

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.

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Financing announced for Saudi Arabia power plant

Financing announced for Saudi Arabia power plant

🕔Jan 9, 2017

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.

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Dubai's 2,400 MW Hassyan coal IPP achieves FC

Dubai's 2,400 MW Hassyan coal IPP achieves FC

🕔Dec 15, 2016

Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400 MW Hassyan clean coal power project.

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Masdar signs PPA for 800-MW solar park in Dubai

Masdar signs PPA for 800-MW solar park in Dubai

🕔Dec 5, 2016

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.

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30 teams submit interest for 200 MW CSP project in Dubai

30 teams submit interest for 200 MW CSP project in Dubai

🕔Nov 11, 2016

Dubai Electricity & Water Authority (DEWA) has received interest from 30 companies to develop a 200 MW concentrated solar power​ (CSP) plant.

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Apricum appoints new partner Yusuf Macun to lead project finance advisory practice

Apricum appoints new partner Yusuf Macun to lead project finance advisory practice

🕔Nov 3, 2016

Apricum, a transaction advisory and strategy consulting firm specialized in renewable energy, has announced the appointment of Yusuf Macun as partner.

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Financial close for Barakah Nuclear Power Project

Financial close for Barakah Nuclear Power Project

🕔Oct 31, 2016

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.

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Saudi Arabia’s SEC announces successful developers for solar IPPs

Saudi Arabia’s SEC announces successful developers for solar IPPs

🕔Oct 28, 2016

Saudi Electricity Company (SEC) has announce the Successful Applicants as Lead Developer for Al-Jouf and Rafha Solar IPPs as follows:

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Apricum appoints new partner

Apricum appoints new partner

🕔Oct 27, 2016

Apricum, a transaction advisory and strategy consulting firm specialized in renewable energy, announces the appointment of Yusuf Macun as partner.

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