23 Hrs
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البيان
Noor for Energy completes Phase 4 refinancing
The Dubai Electricity and Water Authority successfully completed the refinancing of the Noor Energy 1 project worth $2.70 billion ahead of schedule, to enhance the sustainability of clean energy in Dubai. This project is the largest of its kind worldwide, combining photovoltaic and concentrated solar power technologies, with a storage capacity of up to 15 hours, enabling Dubai to receive clean energy around the clock. This achievement reflects the confidence of the global and local financial community and reinforces Dubai’s position as a major hub for sustainable investment, while improving the project's financial structure and increasing its long-term resilience.
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