The world's largest solar park
05 Jul 2017
1 min.
We are supporting* the construction of the largest photovoltaic park in the world, the Sweihan Solar Park, in the emirate of Abu Dhabi. With a capacity of 1.17 GW, it will produce enough electricity to power about 200,000 households, at the lowest cost in the world: US$ 2.94 cents per kWh.
This project falls in line with the UAE Energy Plan 2050, which aims to increase clean energy use by 50% in the United Arab Emirates. It is developed by the emirate’s state-owned utility, the Abu Dhabi Water and Electricity Authority (Adwea), with Japan’s Marubeni and JinkoSolar of China. Natixis is a key player in the financing of renewable infrastructure in the region, where it has accompanied the first solar project in the Middle East, the Shams concentrated solar power station in 2011 in Abu Dhabi (100 MW), as well as the Dewa III photovoltaic park in 2017 in Dubai (800 MW).
*Lead Arranger, Technical Bank and Hedge Provider of the US$648 million financing out of a total project cost of US$871 million
