World’s largest desalination project in UAE secures $758mln green loan – ZAWYA

World’s largest desalination project in UAE secures $758mln green loan – ZAWYA

Independent assessor certifies Taweelah IWP's project finance loan as aligned with Green Loan Principles and Social Bond Principles. Image of a desalination plant used for illustrative purpose.. On Wednesday, a desalination project, majority-owned by Abu Dhabi government secured a sustainability-linked loan certification, for its global project called Taweelah Independent Water Project (IWP).. What makes the project sustainable is that it includes a 68-megawatt peak (MWp) solar photovoltaic (PV) plant to complement the energy supply from the grid.. The project is 40 percent co-owned by Saudi-based ACWA Power and is estimated to be the world's largest reverse osmosis (RO) plant, when completed in 2022.. Vigeo Eiris confirmed that the project is aligned with the four components of both the Green Loan Principles (published by the Loan Market Association in 2018) and the Social Bond Principles (published by the International Capital Market Associatiton (ICMA) in 2018, and used for the project in the absence of published Social Loan Principles)..