Emerge and Emirates Development Bank to Collaborate on Developing and Financing Solar Projects in UAE
United Arab Emirates, Aug. 7 -- Emerge, a joint venture between Masdar and the EDF Group, and Emirates Development Bank (EDB), the UAE's key financial engine for economic diversification and industrial transformation, have signed an agreement to explore areas of collaboration in developing and financing distributed solar projects in the UAE.Under the Memorandum of Understanding, Emerge will identify and present potential financing opportunities for renewable energy projects, which EDB will evaluate and explore possible tailored financing solutions.Through its tailored financing solutions and strategic support, EDB continues to drive innovation, foster business growth, and support the UAE's journey toward achieving its Net Zero ambitions. As...
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