Middle East Economic Survey

VOL. LIV

No 14

1-Apr-2011

REGIONAL

Shams 1 Financial Closure Marks New Era For GCC Renewables, Says S&P

The signing of the Shams 1 solar power project financing in the UAE earlier this month opened the way for a burgeoning in renewable energy in the Gulf, said Standard & Poors Ratings Services (S&P) in the report Shams 1 Solar Power Project Financing Shines A Light On Renewable Energy In The Gulf, published on 30 March. Shams Power Company, a joint...