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Tabreed secures $163mn green finance for sustainable district cooling

By District Energy posted 01-02-2024 16:52


Construction Week


Tabreed, a leading UAE-based district cooling company, has announced the successful closure of its inaugural $163 million (AED 600 million) green revolving credit facility in partnership with First Abu Dhabi Bank (FAB) as the green coordinator, alongside Abu Dhabi Commercial Bank (ADCB), and Emirates NBD.
The financing agreement — which spans five years and was finalised as COP28 drew to a close earlier this month — is for the development, procurement, and operation of district cooling schemes in the GCC market.


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