News
PIF AND ARAB BANK SIGN $20 MILLION SOLAR POWER FINANCING AGREEMENT
The Palestine Investment Fund (PIF) signed a $20 million loan agreement with the Arab Bank to finance the construction of three solar parks in Palestine. The agreement was carried out through Massader, PIF’s impact arm for energy, infrastructure, and natural resources. The three solar parks are spread across Palestine: the first, in Jericho, will generate 7.5 MW; the second, in Tubas, will generate 9 MW; and the third, in Jenin, will generate 5 MW.
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New Arrangements for Gaza Marine Development License
Pursuant to the Palestinian Cabinet of Minster Decision approving Shell’s exit from Gaza Marine and the restructuring of the rights in the development license for the gas field, the Palestine Investment Fund (PIF) reached an agreement with BG Great Britain Limited, an affiliate of Royal Dutch Shell PLC on its divestment from the Gaza Marine development license offshore Palestine. Following completion of this transaction with Shell, PIF received rights for 90% of the Gaza Marine license.
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PIF, Palestinian Government invest $35 million in PV rooftop projects
The Palestinian Investment Fund (PIF) and the Ministry of Education have signed an agreement to install 35 MW of solar PV on the roofs of 500 public schools.
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PIF signs agreement with Ministry of Education to equip public schools with solar power
Palestine Investment Fund and Palestinian Ministry of Education and Higher Education sign agreement to equip 500 public schools with rooftop solar power
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PIF launches the Tubas Solar Power Plant, a major enabler for Palestine's for energy security
Palestine Investment Fund (PIF) launches the Tubas Solar Power Plant, an $11 million investment to generate eight megawatts of solar power in the northern West Bank.
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