Noor Energy 1 completed $2.7 billion refinancing for Mohammed bin Rashid Al Maktoum Solar Park’s fourth phase.

According to a Telegram report attributing the announcement to the Dubai Media Office, Noor Energy 1 completed $2.7 billion in refinancing. The transaction relates to the fourth phase of Mohammed bin Rashid Al Maktoum Solar Park.

The source identifies Noor Energy 1 as affiliated with the Dubai Electricity and Water Authority. The financing amount is specific to this refinancing transaction, not a stated valuation of Noor Energy 1 or the solar park’s total construction cost.

The transaction is reported as completed, rather than a proposed financing or maximum undrawn facility. The supplied message does not disclose lenders, interest rates, maturity, collateral, covenant terms, generation capacity or any dedicated data-center power arrangement.