ACWA Power, EBRD sign sustainable infrastructure financing deal

Focus countries are Uzbekistan, Azerbaijan, and Egypt.

Saudi Arabia-based ACWA Power signed a memorandum of understanding (MoU) with the European Bank for Reconstruction and Development (EBRD) to finance sustainable infrastructure projects.

Under the MoU, the two parties will be cooperating on project development in renewable energy, green hydrogen, and green desalination over the next five years, ACWA Power said in a statement.

They will be focusing on Uzbekistan, Azerbaijan, and Egypt to support their energy transition.

“This MOU with the EBRD is an important signal from financial institutions in finding lasting solutions in the face of global warming, cements a long-standing business relationship and is a vote of confidence in ACWA Power’s abilities in being part of the journey towards a sustainable future,” said ACWA Power CEO and Vice Chairman Paddy Padmanathan.

ACWA Power has nine projects under operation or advanced development in the focus countries, eight of which are renewable energy.

The two parties have worked together since 2011 for project developments in Central Asia, the Middle East and North Africa.

Follow the link for more news on

ACWA Power

Also Read

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

India’s solar scheme installs 385,000 units in first six months

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit