{"id":597962,"date":"2019-05-09T03:37:38","date_gmt":"2019-05-09T03:37:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/"},"modified":"2019-05-09T03:37:38","modified_gmt":"2019-05-09T03:37:38","slug":"apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/","title":{"rendered":"Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects"},"content":{"rendered":"<p>The Arab Petroleum Investments Corporation (Apicorp) has signed a five-year Islamic financing facility with Saudi-based Alfanar Company worth USD 75 mn, <a href=\"https:\/\/ent.news\/2019\/5\/917.pdf\">according to a press release (pdf)<\/a>. The loan from the development bank will support Alfanar\u2019s renewable energy projects, including its 300 MW wind project in Spain. \u201cWith an existing portfolio exceeding 1.5 GW of renewable development projects around the globe, Alfanar is committed to further double its portfolio in the next few years,\u201d said Alfanar CEO Jamil Wadi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arab Petroleum Investments Corporation (Apicorp) has signed a five-year Islamic financing facility with Saudi-based Alfanar Company worth USD 75 mn, according to a press release (pdf). The loan from the development bank will support Alfanar\u2019s renewable energy projects, including its 300 MW wind project in Spain. \u201cWith an existing portfolio exceeding 1.5 GW of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[403,93,72,2337,150],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597962","post","type-post","status-publish","format-standard","hentry","category-energy","tag-apicorp","tag-energy","tag-enterpriseam","tag-islamic-finance","tag-renewable-energy","wpautop","entry"],"acf":{"mongo_id":"f13da23f-3b02-4d5b-8586-e696456b1b3c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597937],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects\" \/>\n<meta property=\"og:description\" content=\"The Arab Petroleum Investments Corporation (Apicorp) has signed a five-year Islamic financing facility with Saudi-based Alfanar Company worth USD 75 mn, according to a press release (pdf). The loan from the development bank will support Alfanar\u2019s renewable energy projects, including its 300 MW wind project in Spain. \u201cWith an existing portfolio exceeding 1.5 GW of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-09T03:37:38+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects\",\"datePublished\":\"2019-05-09T03:37:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\"},\"wordCount\":90,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Apicorp\",\"energy\",\"EnterpriseAM\",\"Islamic finance\",\"renewable energy\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/apicorp-signs-usd-75-mn-islamic-loan-agreement-with-alfanar-for-renewable-energy-projects\/\",\"name\":\"Apicorp signs USD 75 mn Islamic loan agreement with Alfanar for renewable energy projects - 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The plant comes as part of the company\u2019s global strategy to invest USD 1.6 bn in renewable energy projects producing\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647653,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/16\/alfanar-injecting-usd-300-mn-investments-in-electricity-renewable-energy-in-egypt\/","url_meta":{"origin":597962,"position":1},"title":"Alfanar injecting USD 300 mn investments in electricity, renewable energy in Egypt","author":"enterpriseam admin","date":"16 May 2017","format":false,"excerpt":"Saudi Arabia\u2019s Alfanar is targeting investments worth USD 300 mn in Egypt in the electricity and renewable energy sectors, vice chairman Sabah Almutlaq says, Al Borsa reports. Almutlaq did not specify a time for the investments, but we know that Alfanar signed last week a power purchase agreement to sell\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542756,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/16\/apicorp-and-isdb-launch-usd-1-bn-infra-initiative\/","url_meta":{"origin":597962,"position":2},"title":"APICORP and IsDB launch USD 1 bn Infra Initiative","author":"enterpriseam admin","date":"16 January 2022","format":false,"excerpt":"Apicorp and IsDB launch USD 1 bn Infra Initiative: Arab Petroleum InvestmentsCorporation (Apicorp) and the Islamic Development Bank (IsDB) have launched a three-year, USD 1 bn initiative for private-sector focused infrastructure financing in countries including Egypt, according to a statement.Who\u2019s in line for funding? The Infra Initiative will finance renewable\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/172.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647327,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/saudis-alfanar-to-start-purchasing-solar-power-from-eetc\/","url_meta":{"origin":597962,"position":3},"title":"Saudi\u2019s Alfanar to start purchasing solar power from EETC","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Saudi Arabia\u2019s Alfanar signed offtake agreement to sell solar power to the Egyptian Electricity Transmission Company and hopes to reach financial close on a solar power station in about two months\u2019 time, Al Borsa says. 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