1.5 GW Al Ajban Solar Plant secures USD 150 mn in funding
Korea Eximbank will finance 16.67% of the USD 900 mn project
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Korea Eximbank will finance 16.67% of the USD 900 mn project
PLUS: UAE + Kenyan president discuss future cooperation
The facility is part of JBIC's Green lending program backed by Japanese commercial lenders
Masdar, Zero Waste, Ocior, and Fertiglobe are among the firms pledging investments in renewables projects in the country
The fund received backing from the US International Development Finance Corporation
Per capita emissions in the UAE are five times higher than the global average
The firms will share equal ownership in the JV
The plant has a capacity of 180 mn imperial gallons per day (MIGD)
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