Latest MEA Analysis

  • Acwa Power’s project-backed bond, Saudi Arabia

    Saudi Arabian developer Acwa Power’s recently closed project-backed bond issuance unlocks some $814 million in capital for the firm in what is its first investment-grade offering secured against operational assets

  • Leviathan gas field, Israel

    Delek Group and Texas-based partner Noble Energy’s financing of the Leviathan gas field offshore Israel represents the country’s largest ever infrastructure project. The field will ultimately transform Israel into a regional energy hub

  • Engie top IJGlobal renewables Q1 2017 sponsor LT

    Engie made the biggest commitment to renewables investment in the first quarter of 2017, according to the IJGlobal Q1 2017 league tables

  • GCC refinancings drop by a third

    Refinancing deal value closing throughout the GCC dipped by 34% in 2016, according to IJGlobal data. The downward trend is expected to continue with fewer refinancings set to close in 2017, sources say

  • Unbundling Saudi’s power market

    A consequence of Saudi Arabia’s intended economic pivot away from its reliance on oil will be a liberalisation of the country's power market through the unbundling and spinning out a number of entities in the generation and transmission sectors

  • Fadhili Combined Heat and Power, Saudi Arabia

    French developer Engie reached financial close on the $1.2 billion Fadhili combined heat and power (CHP) project in Saudi Arabia on 26 January 2017. The project has a unique structure in place that sees Saudi Aramco and Saudi Electricity Company (SEC) both offtaking production under separate contracts

  • MENA PPP closes reach new heights

    A record total value of PPPs reached financial close in Middle East and North Africa (MENA) region during 2016. With a number of large scale projects in the pipeline, 2017 could surpass this total

  • Can MENA solar prices continue downward momentum?

    Solar development is continuing apace in the Middle East and North Africa (MENA) with Saudi Arabia announcing plans for up to $50 billion of renewables projects by 2030. With bid pricing per kWh dropping substantially in recent years, can price reductions continue at this speed?

  • Data Analysis: Power deals spike amid MENA market decline

    While 2016 saw a resurgence in the total value of power deals closed in the Middle East and North Africa (MENA) region, the wider infrastructure market endured a steep decline in activity during the year

  • Saudi in the race for renewables

    There is a drive for energy independence in Saudi Arabia, and a need to diversify away from crude oil. The question is can the world's largest oil producer catch up with its Middle Eastern neighbours

  • Oil rebound sparks investment hopes

    The price of Brent crude oil rose to its highest level in a year earlier this week, raising hopes that investment levels in the beleaguered oil and gas sector could soon begin to rise

  • Take two for Egypt’s solar FIT

    Egypt’s round one 2GW solar feed in tariff (FIT) programme is in its final stretch before the financial close deadline. Terms of round two are being circulated, with sponsors and lenders apparently still keen to be involved

  • Dubai’s determined renewables drive

    The Dubai Electricity and Water Authority (DEWA) recently unveiled a five-part strategy aiming to cut carbon emissions 16% by 2020, adding to its existing target of a 75% share of renewable energy by 2050. The utility’s procurement programme has proven capable so far – and it may beat its previously set targets for 2020

  • Egypt PPPs grounded

    A lack of dollar-funding and government attempts to cut project costs have meant 2016 has been quiet for financial closes on public private partnerships (PPP) in Egypt. The country’s plans to procure a number of new projects under its PPP scheme, which IJGlobal revealed in October 2015, have had mixed results

  • Data Analysis: Omani water demand spurs developer opportunities

    Oman’s government is anticipating ever-growing demand for potable water in the region and seems well placed to deliver it. A series of successful financial closes on independent water producers (IWP) in recent years combined with a strong pipeline of tender opportunities bode well for developers and investors

  • Data analysis: North America beats Europe as fundraising focus

    Fundraising activities have been geared towards global opportunities in the past eighteen months, with North America beating Europe for funds with a regional focus

  • Sohar and Barka IWPs, Oman

    Developers of the Sohar and Barka independent water projects (IWP) in Oman agreed financing with groups of local and international banks, respectively, in recent months. Despite the projects’ similarities their financings show the divergent routes sponsors took

  • EXCLUSIVE DFIs keen for Egyptian solar despite uncertainty

    Uncertainty over Egypt’s 2,000MW solar feed-in tariff (FIT) scheme means a number of projects are unlikely to happen but financiers still appear keen to take part in a planned follow-up to the first round

  • Data Analysis: Solar and wind opportunities surge in MENA

    The value of active pipeline and procurement wind and solar energy deals in the Middle East and North Africa (MENA) region reached a new peak of $7.8 billion in 2016 and is trending upwards, according to IJGlobal data

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