Saudi Arabia-based energy company ACWA Power has signed a deal with multiple international investors for the provision of funds to implement what is claimed to be the largest private-sector solar energy project in Egypt.
As a result of the signed financing package, ACWA Power will receive $114 million from the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank.
