NREA to offer EUR 400 mn wind farm to Masdar under BOO framework

The New and Renewable Energy Authority (NREA) will no longer partner up with the UAE’s Masdar on a planned wind farm, but will offer the project to Masdar under a build-own-operate framework, sources from NREA tell Al Mal. The costs of partnering on the EUR 400 mn project would have been too high, which has led to delays in implementing the project, sources added.