ACWA Power signs MoU with Natixis to finance up to $2bln of projects

Natixis has previously underwritten a number of ACWA's deals, including the Sakaka solar photovoltaic project.

  
Engineer working on checking equipment in solar power plant. Image used for illustrative purpose.

Engineer working on checking equipment in solar power plant. Image used for illustrative purpose.

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DUBAI - ACWA Power, which is partly owned by Saudi Arabia's sovereign Public Investment Fund, has signed a memorandum of understanding with Natixis Corporate & Investment Banking, ACWA said on Monday.

The MoU aims for Natixis to finance ACWA projects with up to $2 billion over two years.

Natixis has previously underwritten a number of ACWA's deals, including the Sakaka solar photovoltaic project.

(Reporting by Yousef Saba; editing by Richard Pullin) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))


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