Masdar, EDF and KOWEPO finalise funding for 1.5 GW solar farm in UAE
EDF Renewables, Masdar, and Korea Western Power (KOWEPO) have announced the financial closure for the 1.5 GW Al Ajban solar project in Abu Dhabi, UAE. The project is backed by financing from BNP Paribas, Credit Agricole CIB, the Export-Import Bank of Korea, HSBC Middle East, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The Al Ajban project, jointly owned by Masdar (60%), EDF Renewables (20%), and KOWEPO (20%), will design, finance, construct, and operate the…