Developers of the Sohar and Barka independent water projects (IWP) in Oman agreed financing with groups of local and international banks, respectively, in recent months. Despite the projects’ similarities their financings show the divergent routes sponsors took
Uncertainty over Egypt’s 2,000MW solar feed-in tariff (FIT) scheme means a number of projects are unlikely to happen but financiers still appear keen to take part in a planned follow-up to the first round
The value of active pipeline and procurement wind and solar energy deals in the Middle East and North Africa (MENA) region reached a new peak of $7.8 billion in 2016 and is trending upwards, according to IJGlobal data
A bid of less than $0.03 per kWh for the up-to 800MW Mohammed bin Rashid al Maktoum solar project in Dubai could see the Emirate producing the world’s cheapest solar electricity. Only 18 months after Dubai achieved the previous record, the GCC state is yet again setting a benchmark for global renewables
A Mitsubishi-led consortium wrapped up financing of the 2,400MW facility D independent water and power producer (IWPP) earlier this week, arranging some $3 billion in financing with nine international and local banks
Commercial banks are often judged by the total value of debt provided to clients over a specific period. During a time of restricted balance sheets and increased regulation however, it may be worth considering other ways to measure performance
Refinancing of energy and infrastructure projects in the GCC countries totalled $10.7 billion in 2015, the highest yet since 2010, driven in particular by deals in the United Arab Emirates which accounted for over $6.2 billion of the total, according to IJGlobal data
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