New renewable energy project in works for Mubadala’s Masdar

28 Sep 2011

Mubadala owned renewable energy developer Masdar has begun working on its next solar energy power plant, Nour 1. The borrower hopes to replicate the successful financing of Shams 1, signed in March.

The Nour 1 plant will use photovoltaic solar technology rather than the parabolic troughs constructed at Shams but the financing structure will be the same, Richard Palmer, structured finance advisor for Mubadala, told EuroWeek.

Construction companies are still bidding for the tender so the total debt package is not ...

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