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"Source" completes AED 22.4 billion financing for largest renewable energy project
Abu Dhabi Future Energy Company "Masdar" announced the completion of the financial closure for the first 24/7 renewable energy project in Abu Dhabi, with a total investment of 22.4 billion dirhams (6.1 billion USD). The project includes a 5.2 GW photovoltaic solar power plant and a battery storage system with a capacity of 19 GWh, aimed at providing reliable 24/7 energy and supporting the UAE's clean energy strategy. The project was financed with 18.73 billion dirhams (5.1 billion USD) through a consortium of 13 local and international banks, making it one of the largest and most technologically advanced projects worldwide in its field.
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