Understanding the details of how to secure project finance in the MENA markets will be crucial for developers in the emerging markets in MENA.
The key investors in the Middle East and North Africa will discuss the criteria for securing project finance with the Shams 1 100MW plant and the Noor 1 160MW plant as case studies this May at the MENASOL conference (6-7 May, Dubai).
Understanding the details of how to secure project finance in the MENA markets will be crucial for developers in the emerging markets in MENA. In Saudi Arabia, Morocco and the United Arab Emirates, where the most potential for CSP is evident, there are regulations and requirements that need to be fulfiled. Some of the key factors to be considered are acquiring land permits, fulfilling local content requirements and the technical considerations such as having a proven track record of technology and selected equipment providers.
At MENASOL (6-7 May, Dubai), Barbara Riccardi, Director of Global Infrastructure and Finance, Natixis Bank and Ulrich Schoppmeyer, Director Power, Renewables, Water, KfW Ipex will be evaluating these considerations and will be giving their first hand insight on granting the investment on the Shams 1 CSP plant in Abu Dhabi.
However, understanding the difference between financing projects in the Middle East and financing projects in North Africa will be crucial for developers to know where to establish their future investments. Jonathan Walters, Director, Regional Programs and Partnerships, The World Bank, will be giving his first-hand insight into the investments granted for the Noor 1 CSP project currently under construction in Ourzazate, Morocco.