Acwa Power and Natixis sign $2bn cooperation agreement

6 Dec 2021

Acwa Power and Natixis sign agreement to explore opportunities to develop new projects in the region with an objective for Natixis to finance up to $2bn of projects over two years

Saudi Arabia’s Acwa Power and France’s Natixis Corporate & Investment Banking have signed a memorandum of understanding (MoU) stating their intention to collaborate to support the development of Acwa Power’s projects in the region.

Under the agreement, the two parties will explore opportunities to develop new projects in the region with an objective for Natixis to finance up to $2bn of projects over two years for Acwa Power’s future project pipeline.

Natixis has underwritten a number of Acwa Power’s major renewable energy projects. These include the Sakaka photovoltaic (PV) independent power producer (IPP) project, the concentrated solar power (CSP) and PV IPP fifth phase of Dubai’s Mohammed bin Rashid (MBR) solar park.

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Acwa Power and Natixis sign $2bn cooperation agreement

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