(MENAFN) Abu Dhabi's Masdar plans to raise an USD800mn loan in order to help fund the building of the 800 MW third phase of Dubai's solar park.
Additionally, the group also involves Spanish firms Fotowatio Renewable Ventures and Gransolar Group to finish the third phase of Sheikh Mohammed Solar Park.
Furthermore, Masdar-led consortium confirmed the lowest generation price in order to build the plant at 2.99 cents per kilowatt-hour.
The plant will be the largest single-site solar park in the world, generating 5,000 MW by 2030 with whole investment of USD13.6bn.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.