The world's largest solar park
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