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...
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