West Bakr: Borrowed template with better pricing

In:

Renewables

Region:

Middle East & Africa

Niamh Curran

Reporter

Lekela Power’s DFI-backed financing for its 250MW West Bakr wind project borrows heavily from the Gulf of Suez wind template in 2017. While there have been improvements in speed of delivery and cost of debt, does angst about Egyptian political risk run too deep for these financings to ever get done with minimal DFI or ECA support?

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