Shuaa Energy 2 PSC

800MW Shuaa Energy 2 - Rashid Al Maktoum Solar Park - Refinancing

Borrower(s)
Shuaa Energy 2 PSC
Industry
Renewables/PV solar
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
United Arab Emirates

Deal Overview

The refinancing for the 800MW Shuaa Energy 2 (also known as DEWA 3) solar plant – which is 60% owned by DEWA and by private sector sponsors Masdar (24%) and EDF Energies Nouvelles (16%) – in Dubai has closed.The project, the third phase of the 5GW Rashid Al Maktoum solar park, started...

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Deal Volume
$690m
Financial Close
05/07/2022
Dealmakers
Sources

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Tranches

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Project Deals

Mohammed bin Rashid Al Maktoum Solar Park Phase 3 (Shuaa 2-Dewa 3)
$13.6bn
Greenfield
PV solar
Middle East
Middle East
United Arab Emirates