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The United States and United Arab Emirates announced that the first $20 billion of their $100 billion clean energy partnership would be allocated to fund 15 new gigawatts of renewable energy projects before 2035. The investments would be led by UAE's Masdar and a consortium of US private investors, and financed through $7 billion in private sector cash equity and $13 billion in US debt financing and other instruments.

U.S., UAE Say $20 Billion Investment To Fund 15 GW In New Clean Energy

The United States and United Arab Emirates announced that the first $20 billion of their $100 billion clean energy partnership would be allocated to fund 15 new gigawatts of renewable energy projects before 2035. The investments would be led by UAE’s Masdar and a consortium of US private investors, and financed through $7 billion in private sector cash equity and $13 billion in US debt financing and other instruments.

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