EDB’s plan to provide AED 30 billion in financing to support five priority sectors, including renewables, underlines its crucial role in driving economic growth and fostering a more resilient economy.
Masdar, a renewable energy investor and also the name of the zero-energy town outside of Abu Dhabi is buying a Greek renewable energy company Terna Energy for the equivalent of 3.2 Billion Euros, equal to about 67% of the company’s outstanding shares at completion of the transaction.
Key investors in renewable energy for the Middle East and North Africa regions will be on hand to discuss the criteria for securing project financing. They will present the case studies of the Shams 1, a 100MW plant in Abu Dhabi and the Noor 1, a 160MW (being constructed in Morocco).