The USD940 million financing will be used for the development of the third phase of the Mohammed bin Rashid Al Maktoum solar photovoltaic power plant in Seih Al-Dilal, around 50 km south of Dubai. Masdar, Fotowatio Renewable Ventures (FRV) and Abdul Latif Jameel’s (ALJ) consortium has been selected preferred bidder for the project. DEWA will allow the sponsors to fund the project using a soft mini-perm structure. French utility EDF has joined the Masdar consortium in...
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