ACWA Power signs MoU with Natixis Corporate & Investment Banking

The International Company for Water & Power Projects (‘ACWA Power’ or the ‘Company’) and Natixis Corporate & Investment Banking (Natixis CIB), a subsidiary of Groupe BPCE, signed a Memorandum of Understanding (MoU) stating their intention to collaborate on the advancement of ACWA Power’s projects in the region for two years.

“The company said that there is no related parties and that the financial impact of this announcement cannot be determined at this stage.”

The MOU paves the way for the two parties to explore opportunities to develop new projects in the region, including a renewable and clean energy, with an objective for Natixis CIB to finance up to approximately USD 2 billion over two years for ACWA Power’s future project pipeline.

Since 2005, ACWA Power and Natixis CIB’s relationship has increasingly grown, and Natixis has underwritten a number of ACWA Power’s high-profile projects such as Sakaka Solar PV IPP, DEWA IV CSP/PV Hybrid IPP, and DEWA V Solar PV IPP.