Renewable Energy Initiative Guidelines
Renewable energy initiatives are gaining support in Iraq as part of diversification and energy transition goals. Financial institutions are expected to develop products and risk assessment models suitable for financing renewable projects such as solar, wind, and hybrid energy systems.
CBI encourages lending that supports sustainable development and long-term economic stability.
Practical implications for banks:
- Development of renewable financing products
- Technical and project risk assessment capabilities
- Coordination with government programs or incentives
- Integration of ESG elements into financing decisions
Regulatory considerations
- Allocate credit to priority sectors
- Conduct due diligence on project viability
- Monitor repayment capacity tied to power offtake agreements
- Align with environmental disclosure practices
How Etihad Can Assist
Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.