EIB, Masdar to cooperate on MENA renewables projects

Jan 21, 2014 - The European Investment Bank (EIB) and Abu Dhabi's green energy firm Masdar signed an agreement to partner in the development and financing of renewable energy projects in the Middle East and North Africa (MENA), EIB said Monday.

The framework agreement was signed during the Abu Dhabi Sustainability Week, ending January 25.

The collaboration between EIB and Masdar is expected to create technical and financial synergies in the identification, evaluation and development of green power projects. In addition, the cooperation includes an internship programme for the training of workforce.

Further details were not disclosed.

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