Saudi-led consortium and DEWA group finalize Dubai solar park financing



[ad_1]

In Saudi Arabia, ACWA Power and the Dubai Electricity and Water Authority (DEWA) announced Sunday that they have finalized financing for a 950-megawatt solar power project in Dubai.

The companies did not reveal the size of the deal in Sunday's statement, but sources told Reuters in January that the funding would be more than $ 2 billion.

The project, called Noor Energy 1, was launched as part of a partnership between DEWA, ​​ACWA Power and Chinese fund Silk Road.

SHOW MORE

Last updated: Sunday, March 24, 2019 KSA 8:43 PM – 5:43 PM GMT

[ad_2]
Source link