Emirates Development Bank Unveils Bespoke Solar Energy Financing Program
New Program Features Favorable Financing Terms: Up to 8 Years Tenor Loans and 100% Loan-to-Value Ratio

Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank
Abu Dhabi, United Arab Emirates, 7 September 2023: Emirates Development Bank (“EDB” or “the Bank”), the key financial engine of UAE economic development and industrial advancement, has unveiled a new first of its kind Solar Energy Finance Program aimed at supporting micro, small, and medium enterprises (mSMEs) across diverse sectors within the UAE. The program will allocate AED100 million to bolster the adoption of green energy solutions, focusing on solar energy initiatives.
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