Masdar and ENGIE Achieve Financial Close for 1.5GW Khazna Solar Project in Abu Dhabi
United Arab Emirates, Jan. 19 -- ?Abu Dhabi Future Energy Company PJSC - Masdar, a global clean energy leader, and ENGIE, a global leader in low-carbon energy solutions, today announced they have reached financial close for the 1.5 gigawatt (GW) (AC) Khazna Solar Photovoltaic (PV) Independent Power Project.Financing facilities have been secured with seven leading regional and international banks, including Abu Dhabi Islamic Bank, Credit Agricole Corporate and Investment Bank, KfW IPEX, BNP Paribas, Hong Kong and Shanghai Banking Corporation, Sumitomo Mitsui Trust Bank and Emirates Development Bank.Khazna Solar PV was awarded to Masdar and ENGIE in October 2025. Following the award, the project company owned by ENGIE and Masdar signed a 30-y...
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