Date: May 2023
Borrower: Neom Green Hydrogen Company
Shareholders: Acwa Power, Air Products, Neom
Size: $6.1 billion
Structure: Istisna-ijara; murabaha
Tenor: Long dated
Banks: Multiple
For such a historically carbon intensive region, the Middle East is increasingly transforming into a leader in alternative energy production, and especially in some advanced technologies that are expected to play critical roles in the world’s efforts to decarbonize.
One such technology is green hydrogen production, which essentially produces clean, sustainable hydrogen fuel from renewable energy sources.
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