Acwa Power, which is partly owned by Saudi Arabia's sovereign Public Investment Fund, has signed a memorandum of understanding with Natixis Corporate & Investment Banking, ACWA said on Monday.
The MoU aims for Natixis to finance ACWA projects with up to $2 billion over two years.
Natixis has previously underwritten a number of ACWA's deals, including the Sakaka solar photovoltaic project. --Reuters