Positive Zero lands $375M green loan to expand GCC clean-energy build-out
What's the deal? UAE-headquartered energy transition platform Positive Zero has secured a $375 million loan facility to fund decentralised infrastructure across the Gulf. The non-recourse financing was arranged by Natixis Corporate & Investment BankingDealroom has a profile for this one. Try Dealroom → and the Arab Energy FundDealroom has a profile for this one. Try Dealroom →.
Where does the money go? The facility will back distributed solar power generation, energy efficiency, and clean mobility projects in the UAE, Saudi Arabia, Bahrain, Oman, and Qatar. Positive Zero said the capital will support its expansion, capital expenditure programme, and development initiatives across the region.
Who's involved? Natixis CIB also acted as facility agent, security agent, green loan coordinator, and financial advisor to Positive Zero.
Why now? The facility follows BlackRock's investment of up to $400 million in Positive Zero, secured at the end of COP28 in 2023. The new financing gives the company long-term capital to grow its distributed infrastructure portfolio.
The signal: At $375 million, this ranks among the larger deals in its sector. The raise reflects continued investor appetite for decentralised clean-energy infrastructure in the Gulf as regional players push their energy transition agendas.
Image credit: Ivan Radic
