TotalEnergies is building a portfolio of activities in renewables and electricity that are expected to account for up to 40% of its overall sales by 2050. TotalEnergies has secured a $34mn debt from the Arab Petroleum Investments Corporation (APICORP) and the National Bank of Fujairah (NBF) to finance the construction of a 50 megawatts (MW) […]
Mena Power Investments May Total $250 bn up to 2025: Apicorp
Power investments in the Middle East and North Africa (Mena) region amount to $250bn between 2021 and 2025, Arab Petroleum Investments Corporation (Apicorp) said in a report. The sector’s total investment amount is the highest of all energy sectors – with an estimated $93bn and $157bn in committed and planned projects, respectively, over the next […]
APICORP extends to ACWA Power a $125 million 5-year term Murabaha facility
Riyadh, Saudi Arabia : APICORP, a leading multilateral development financial institution, and ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants worldwide, announce the signing of a $125 million 5-year Shariah-compliant corporate facility to support ACWA Power’s future growth pipeline. The agreement is aligned with APICORP and ACWA […]
APICORP: MENA region holds strong potential for low and zero-carbon sources of energy
Dammam, Saudi Arabia : The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, published today its MENA Power Investment Outlook 2020-2024 highlighting key regional developments and prevalent trends in the power sector over the short and medium terms. Among the report’s key findings is the emergence of the MENA region as a strong […]
UAE firm joins efforts with APICORP to develop solar energy
The $50 million in financing by APICORP will first be utilised to build and operate the 79MW projects Yellow Door Energy manages across Jordan. LONDON : Solar developer Yellow Door Energy (YDE) has joined efforts with the Arab Petroleum Investments Corporation (APICORP), a Saudi Arabia-based multilateral development financial institution, in order to establish solar photovoltaic […]
APICORP extends $50m solar projects financing to Yellow Door Energy
The revolving construction facility will support the development of the UAE-based firm’s solar PV plants in Jordan, Pakistan Saudi Arabia’s Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has inked a $50m (SAR187.5m) revolving construction facility with Yellow Door Energy (YDE), a UAE-based sustainable energy provider for businesses, to develop solar photovoltaic (PV) […]
Apicorp extends $50m to finance solar projects
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, has signed a $50 million revolving construction facility with Yellow Door Energy Limited. Yellow Door will develop solar-PV plants in the region with key emphasis on Jordan and Pakistan. Yellow Door Energy currently has over 110 megawatts of solar assets operating and under construction […]
Apicorp provides $70.5m for Phase 5 of Mohammed bin Rashid Al Maktoum Solar Park
Apicorp has committed around $450m towards renewable projects. The Arab Petroleum Investments Corporation (Apicorp), multilateral development financial institution, has signed an agreement with Shuaa Energy 3 P.S.C sponsored by Dubai Electricity and Water Authority (Dewa), ACWA Power and Gulf Investment Corporation, to provide $70.5 mn in financing for the fifth phase of development of the […]
APICORP provides $50m credit facility to SirajPower for solar energy projects in ME
DAMMAM : The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, Monday announced a $50 million credit facility for SirajPower, the UAE’s leading distributed solar energy provider, to expand its portfolio of distributed solar energy projects across the Middle East. The transaction represents the largest lease-funding platform for distributed solar energy in the […]
APICORP Inks USD 75m Murabaha Term Facility with Saudi Based Company Alfanar
Riyadh, Saudi Arabia, May 8, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar Company (“Alfanar”), one of the leading developers and EPC for clean energy and manufacturer of electrical products, in support of Alfanar’s renewables energy projects, […]
