ACWA Power signs $2bln project finance MoU with Natixis CIB

The companies signed an MOU for the financing of projects worth up to $2bln, including renewable and clean energy, in the region

  

Saudi Arabia’s ACWA Power has signed a memorandum of understanding (MoU) with Natixis Corporate & Investment Banking (Natixis CIB) to finance new projects, including renewable and clean energy in the region.

Under the MoU, Natixis CIB will finance up to $2 billion over two years for ACWA Power’s future project pipeline, according to a statement to the Saudi Stock Exchange, Tadawul.

Natixis CIB has previously underwritten ACWA Power projects including Sakaka Solar PV IPP and DEWA IV CSP/PV Hybrid IPP.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

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© ZAWYA 2021


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