2026 Sep 27
Noor Energy 1 Announces Successful Refinancing of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park at USD 2.70 Billion
His Excellency Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), announced the successful refinancing of the Noor Energy 1 project at USD 2.70 billion, well ahead of the target date, during a speech delivered at Al Sheraa Building, DEWA’s headquarters, in the presence of representatives of the lenders, sponsors, partners, and the Noor Energy 1 refinancing team. A consortium led by DEWA and Acwa formed a project company, Noor Energy 1, to design, build, and operate the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.