Finance
U.A.E.’s Al Nowais Plans $500 Million Renewable Energy Fund
- Nowais in talks with institutional, local investors for fund
- Nowais-owned AMEA Power also targets projects in Africa, Asia
Employees walk past solar panels at the Mohammed bin Rashid Al-Maktoum Solar Park in Dubai.
Photographer: Stringer/AFP via Getty Images
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United Arab Emirates businessman Hussain Al Nowais is planning a $500 million fund to spur renewable energy investments across the Middle East and Africa.