ENGIE and Masdar reach financial close on 1.5 GW Khazna Solar PV project in Abu Dhabi
United Arab Emirates, Jan. 19 -- ENGIE and Masdar, a global leader in clean energy, have reached financial close on the 1.5-gigawatt (GW) Khazna Solar PV project, located between Abu Dhabi and Al Ain.This milestone marks a turning point in one of the region's largest solar projects and ENGIE's largest photovoltaic plant worldwide. The project, awarded in October 2025, will be delivered under a 30-year power purchase agreement (PPA) with Emirates Water and Electricity Company (EWEC).Financing Secured with Top-Tier PartnersFinancing has been secured from seven major regional and international banks, including Abu Dhabi Islamic Bank, Credit Agricole Corporate and Investment Bank, KfW IPEX, BNP Paribas, Hong Kong and Shanghai Banking Corporatio...
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