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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