National Bank of Fujairah announces long-term partnership with CleanMax to finance its rooftop solar projects in UAE

The National Bank of Fujairah (NBF) announces that it has provided a long-term credit facility to CleanMax for refinancing its rooftop solar portfolio in the UAE. The facility will cover 48 different operational rooftop solar assets, located on industrial facilities, malls, schools and universities.

Locally available bank finance is critical to the growth of any rooftop solar market. This new partnership between NBF and CleanMax therefore represents a significant step towards meeting the goals of UAE’s Energy Strategy, which aims to have 50% clean energy in the energy mix by 2050.