Cranmore principals Yusuf Macun (Managing Partner) and Richa Prasad (Partner) have published an article on Project Finance International following the closing of the Fujairah 3 IPP. The project exemplifies how gas-fired IPPs can remain competitive even with record-low prices in renewables. In the article, we discuss key parameters of the project and the key learnings from successfully reaching financial close in the midst of the Covid-19 pandemic.
The article is available on the PFI website or downloaded as PDF from the following links:
https://www.pfie.com/story/2551279/fujairah-3-latest-tech-ipp-l8n2gn01e