21 June 2024
21 June 2024
The uptick in hydropower production reduced the need for coal-fired power generation.
Taking such measures would shield the country from volatile prices.
The financing includes a $249m construction and term loan, a $163m tax equity bridge loan and $101m letter of credit facility.
The Norwegian company will partner with Ørsted and Nordsøfonden on the project.
TenneT is now shifting its focus towards alternative structural funding solutions for its German division.
Following completion of the deal, Masdar plans to launch an all-cash tender offer to acquire the remaining shares.
The company sold its stake to the US investment manager Irradiant Partners for $188m.
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