U.K., Jan. 8 -- International law firm Clifford Chance has advised the lenders on project financing for the world's largest solar power project - a 2GW solar power plant located in the UAE's Al Dhafra region.
Once constructed, the project will be the largest PV power plant in the world to date. It has been developed by Emirates Water and Electricity Company (EWEC) and awarded to a consortium led by EDF Renewables and Jinko Power HK, a subsidiary of Jinko Power Technology Co. Ltd (JinkoPower), who will together hold 40 percent of the project company, with the remaining 60 percent shared between their local partners, Abu Dhabi National Energy Company (Taqa, 40 percent) and Masdar (20 percent).
In a statement, Clifford Chance said it advised...