Investor #43568 Version 21832 Version 21850
Comment
The original Project Developer, UPC, sold its share in 2019 (http://dailymorocco.com/the-american-upc-renewables-leaves-morocco/). In 2014, ACWA Power acquired a share in the Khalladi Wind Farm project and has since sought funding support from the European Bank for Reconstruction and Development
The original Project Developer, UPC, sold its share in 2019 (http://dailymorocco.com/the-american-upc-renewables-leaves-morocco/). In 2014, ACWA Power acquired a share in the Khalladi Wind Farm project and has since sought funding support from the European Bank for Reconstruction and Development This entirely privately funded investment was financed with equity from ACWA Power and ARIF and long tenor debt, from the European Bank for Reconstruction and Development (EBRD) in collaboration with the Clean Technology Fund (CTF), and the Moroccan BMCE Bank of Africa (BMCE) (https://www.climateinvestmentfunds.org/news/acwa-power-inaugurates-120mw-khalladi-windfarm-morocco)

Involvement #A1CDdnN0

Ownership share
26.01 %
51.00 %

Involvement #djOIkUm0

Role
Parent company
Comment
Through its Argan Infrastructure Fund (ARIF), which is a twelve-year investment fund, dedicated to infrastructure assets in North Africa and Sub-Saharan Africa.
Ownership share
25.00 %
Investment type
Shares/Equity
Investor

Involvement #ccaB5zpq

Role
Parent company
Comment
https://acwapower.com/en/newsroom/press-releases/latest-news/acwa-power-khalladi-opens-its-capital-to-saham-assurances-a-new-institutional-partner-in-morocco/
Ownership share
24.00 %
Investment type
Shares/Equity
Investor

Involvement #Lwfv9tGj

Role
Tertiary investor/lender
Investment type
Debt financing
Investor

Involvement #yVJdScmc

Role
Tertiary investor/lender
Investment type
Debt financing
Investor

Involvement #GR8YRPcZ

Role
Tertiary investor/lender
Investment type
Debt financing
Investor