{"id":111624,"date":"2026-01-19T00:00:00","date_gmt":"2026-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=111624"},"modified":"2026-01-19T03:01:29","modified_gmt":"2026-01-19T03:01:29","slug":"taqa-led-consortium-refinances-al-dhafra-solar-with-usd-870-mn-green-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2026\/01\/19\/taqa-led-consortium-refinances-al-dhafra-solar-with-usd-870-mn-green-bond\/","title":{"rendered":"Taqa-led consortium refinances Al Dhafra solar with USD 870 mn green bond"},"content":{"rendered":"

T<\/strong>aqa-led int\u2019l roster tap bond markets to refinance Al Dhafra solar project: <\/strong>A consortium led by Taqa, and comprising Ewec, Masdar, France\u2019s EDF power solutions and China\u2019s Jinko Power, closed a USD 870.75 mn green bond to refinance the Al Dhafra Solar PV plant<\/a>, which they say is the world\u2019s largest single-site solar project, according to a joint statement (pdf)<\/a>. The long-term notes mature in June 2053 with a 5.794% coupon. The issuance is expected to be rated A3 by Moody\u2019s and A by S&P.<\/p>\n

The 2 GW plant, which uses 4 mn bifacial panels to power roughly 200k <\/strong>homes<\/strong>, is 40% owned by Taqa, with Masdar, EDF and Jinko Power each owning 20%. Ewec is an offtaker. <\/p>\n

ADVISORS- <\/strong>Our friends at HSBC acted as joint global coordinators alongside BNP Paribas. The pair also served as joint lead managers and bookrunners alongside Cr\u00e9dit Agricole CIB, MUFG, Standard Chartered Bank and SMBC. <\/p>\n

Why it matters<\/p>\n

The transaction offers an early reference point for utility-scale refinancing this year<\/strong>, playing up how Abu Dhabi\u2019s energy groups are using fixed-income to rework mature assets and recycle capital. Rather than sitting on expensive construction-phase debt, the partners are leveraging the plant\u2019s two-year track record of commercial operations to lock in cheaper, long-term institutional capital.<\/p>\n

For sponsors such as TAQA and Masdar, the approach supports liquidity management<\/strong> as they work toward aggressive 2030 capacity targets of 150 GW and 100 GW, respectively.<\/p>\n

\n

IN OTHER GREEN DEBT NEWS- <\/p>\n

Sharjah-based sustainability group Bee\u2019ah rolled out a sustainable finance framework <\/strong>in <\/strong>partnership with First Abu Dhabi Bank<\/strong>, it said in a press release<\/a>, giving the group a structured route to tap green, social and sustainability-linked funding across bonds, sukuk and loans as it works toward its climate-neutral target by 2040. <\/p>\n

It also adds to a growing pipeline of UAE corporates formalizing sustainability frameworks <\/strong>not for a single transaction, but to support ongoing issuance as demand for labelled paper in the region deepens.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bee\u2019ah rolls out a sustainable finance framework in partnership with FAB<\/p>\n","protected":false},"author":1,"featured_media":111625,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[1546],"tags":[68,7,406,2410,152],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-111624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam-uae","tag-solar-energy","tag-solar-power","tag-taqa","wpautop","entry"],"acf":{"mongo_id":"38c8b1fe-3190-4bb6-b910-a2e93cb01d41","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/626.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Taqa-led consortium refinances Al Dhafra solar with USD 870 mn green bond","related_issue":[111617],"teaser":"Bee\u2019ah rolls out a sustainable finance framework in partnership with FAB"},"yoast_head":"\nTaqa-led consortium refinances Al Dhafra solar with USD 870 mn green bond - UAE<\/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\/uae\/2026\/01\/19\/taqa-led-consortium-refinances-al-dhafra-solar-with-usd-870-mn-green-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taqa-led consortium refinances Al Dhafra solar with USD 870 mn green bond\" \/>\n<meta property=\"og:description\" content=\"Bee\u2019ah rolls out a sustainable finance framework in partnership with FAB\" \/>\n<meta property=\"og:url\" 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