We are proud to announce that Cranmore Partners has acted as sole and exclusive financial adviser to Marubeni Corporation on its successful bid and closing of the 2,400MW Fujairah 3 IPP in the UAE.

This transaction achieves several landmarks, not the least of which is a fast-track closing process post award, with Japan Bank for International Cooperation and a club of commercial banks, for close to USD1bn of senior debt despite the current Covid context, with cutting edge efficiency turbine technology.

We would like to express our gratitude to our client, EWEC and our bank group.

Thumbnail photo credit: Energy & Utilities