Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

UAE

Shams Power Announces $600Mn Financial Close For Shams 1 Solar Project

Shams Power Company, a joint venture of Abu Dhabis Masdar (which is owned by state conglomerate Mubadala), Frances Total and Spains Abengoa Solar, announced on 7 March the $600mn financial close of Shams 1, one of the worlds largest concentrated solar power (CSP) projects and the first of its kind in the Middle East (MEES, 13 September). The financing was...