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Warba Bank

ACWA closes financing of 900 MW fifth phase of giant solar field

The Saudi power company has named the lenders which will finance the latest stage of the gargantuan, 5 GW Mohammed bin Rashid Al Maktoum Solar Park, for an estimated $564 million.

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Finance secured for 500 MW Omani project despite Covid-19 disruption

Saudi energy company Acwa Power announces $275 million has been borrowed for a project which is due to start supplying electricity to the national utility this year under a 15-year power supply deal.

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