Sweihan PV: Taking the soft option

Region:

Middle East & Africa

Max Thompson

Deputy Editor

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Despite being a pathfinder project for Abu Dhabi and reliant for its cashflow on a PPA priced at one of the lowest ever tariffs for a utility-scale PV project, the financing for the Sweihan PV project did not need ECA support. Instead, the sponsors opted for a soft miniperm at a very competitive price.