The arrangement, whose exact natureremains vague, will see Abu Dhabi-based Masdar working alongside the EIB to “identifyinvestment opportunities to develop and finance renewable energy projects”.
The two clean-energy powerhouses will worktogether in the realms of “project identification, evaluation and development”,in addition to training up locals in critical renewables-related skills.
Recent reports suggesting that key Westernlenders – including the EIB, the World Bank and Germany’s KfW – will beunwilling to finance mega-solar projects in politically sensitive areas inNorth Africa serve to underscore the central role Arab Gulf states may have to play inthe region’s renewables programme.
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