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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Financials

Abu Dhabi’s Masdar in talks for $800 mln loan to fund solar project

Posted on 29 June 2016

A consortium led by Abu Dhabi’s Masdar is aiming to raise an $800 million loan to help fund the building of the 800-megawatt (MW) third phase of Dubai’s solar park, the company’s chief executive said.
The consortium is in talks with banks including National Bank of Abu Dhabi, First Gulf Bank and Union National Bank to provide project finance, said Mohamed al-Ramahi, chief executive of green energy firm Masdar, wholly owned by Abu Dhabi investment fund Mubadala………………………………………..Full Article: Source


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