Climate Action in the Middle East North Africa (CAMENA) invests US$4.42mn in the Green for Growth Fund (GGF) to attract private capital for helping the region fight climate change and together with US$5.52mn European Investment Bank (EIB) investment, the contribution focuses on financing and promoting green energy measures
Renewables
EDF and Masdar reach financial close 400MW Saudi wind project
The consortium consisting of EDF Renewables and Abu Dhabi Future Energy Company (Masdar) has completed the financing of the Dumat Al Jandal utility-scale wind project in Saudi Arabia
OPWP launches the development of two solar IPPs in Oman
Oman Power and Water Procurement Company (OPWP), a member of the Nama Group, has announced that launch of two solar Independent Power Projects (IPPs) in Oman, namely: Manah Solar I IPP and Manah Solar II IPP
Saipem to build a floating offshore wind farm in Saudi Arabia
Saipem has signed an MoU with Plambeck Emirates LLC for the development and construction of a 500MW floating offshore wind farm in Saudi Arabia