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FINANCIAL NEWS
Abu Dhabi-Masdar aims to raise USD800mn for solar project
28 Jun 2016
(MENAFN) Abu Dhabi’s Masdar plans to raise an USD800mn loan in order to help fund the building of the 800 MW third phase of Dubai’s solar park.
Additionally, the group also involves Spanish firms Fotowatio Renewable Ventures and Gransolar Group to finish the third phase of Sheikh Mohammed Solar Park.
Furthermore, Masdar-led consortium confirmed the lowest generation price in order to build the plant at 2.99 cents per kilowatt-hour.
The plant will be the largest single-site solar park in the world, generating 5,000 MW by 2030 with whole investment of USD13.6bn.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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