Etihad Credit Insurance (ECI), UAE’s export credit agency, has signed a strategic sustainability partnership deal with SkyPower, one of the world’s largest and most successful developers and owners of utility-scale solar (PV) energy projects, in order to strengthen the country’s commitment to the United Nations (UN) sustainable development goals (SDGs).
As part of the partnership agreement, ECI will offer trade credit insurance, export finance guarantees and investment protection solutions, and both parties will focus on strategic sectors projects, like renewable energy, sustainably powered data centers, water treatment and other projects of national interest.
The Sustainable Development Goals (SDGs), which were formulated in line with United Nations’ 2030 Agenda, are a set of 17 life-changing goals that are crucial in order to improve the planet by 2030. The strategy addresses the areas which require immediate attention for creating a prosperous world, such as, eliminating poverty, promoting good health and well-being, standing up for gender equality and implementing access to affordable and clean energy.
At the Canadian Pavilion in Expo 2020, the strategic sustainability partnership was signed by Mr. Massimo Falcioni, Chief Executive Officer of ECI and Mr. Kerry Adler, Managing Director of SkyPower Services MENA & Chief Executive Officer of SkyPower Global Group of Companies.
Massimo Falcioni CEO – ECI
“In relation to UAE’s Energy Strategy 2050, ECI has actively involved in several projects to reinforce the country’s position as a global leader in creating sustainable cities and reducing carbon footprint. The collaboration with SkyPower is an important step in achieving sustainable development set by the United Nations and unwaveringly pursued by the UAE. By supporting one of the leading firms in renewable energy, we are delighted to be a part of building a world which is less polluted, more habitable and much healthier.”
The ECI is committed to establishing the position of the UAE as a global leader in sustainable development by assisting the UN in achieving its goals of developing resilient infrastructure, encouraging inclusive and sustainable industrialization, and promoting innovation and partnerships with visionary global companies.
The export credit agency of the UAE has been involved in various programs intended to achieve sustainability goals over the years. Earlier this year, ECI partnered with Masdar, Abu Dhabi’s Future Energy Company, in order to support investment in renewable projects that aim to reduce carbon emissions.
Commenting on the partnership, Mr. Adler, stated, “The most critical factor in achieving the quintessential energy transition to renewables, is the ability to access financing and financial instruments that provide the capacity to accelerate the speed in which deployment of renewables like solar can be made.”
