Investor #43568Version 21850Version 28662
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 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)
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). In 2016, it acquired 100% of the shares (2025).

Involvement #A1CDdnN0

Ownership share
51.00 %
100.00 %

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