PARIS, FRANCE - The United States and United Arab Emirates announced on Sunday that the first $20 billion of their $100 billion clean energy partnership would be allocated to fund 15 new gigawatts of renewable energy projects before 2023, state news agency WAM said.
The investments would be led by UAE's MASDAR and a consortium of U.S. private investors, and financed through $7 billion in private sector cash equity and $13 billion in US debt financing and other instruments, WAM said.
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