MASE Announces Retail Collaboration with CAB

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MASE teams up with Cairo Amman Bank to offer retail solar PV financing packages

Amman, Jordan – February 2017: MASE has teamed up with Cairo Amman Bank (CAB), a leading Jordanian bank, to offer turn-key solar PV packages at a financing rate of zero percent. The product is available to households, businesses and SMEs with immediate access.

While CAB will be responsible for managing and vetting applications and issuing the clean-tech loans, MASE, as the nominated DBOM contractor, will be providing its award-winning solar PV solutions using cutting-edge technology and industry-leading resources.  MASE’s O&M team will ensure the long-term productivity of the installations.

About MASE’s Retail Operations

MASE offers households and businesses award-winning turn-key clean energy solutions including solar and wind energy. MASE helps its clients reduce their dependence on traditional electricity sources through sustainable and predictable renewable energies.  A flagship in MASE’s retail portfolio is a 600+ kWp Solar PV Rooftop Project implemented in its totality by MASE under a turnkey EPC and O&M contract.  The project was funded by Jordan’s Ministry of Energy & Mineral Resources’ Jordan Renewable Energy & Energy Efficiency Fund (JREEEF) and USAID for installations on 400+ households at multi-locations in Jordan.  MASE’s retail operations were awarded MESIA’s 2015 Rooftop Project of the Year and have been shortlisted for the Intersolar 2016 Outstanding Project of the Year.

About CAB

The Cairo Amman Bank is a full-service bank in Jordan and Palestine, with head office in Amman. The head office for the Palestinian territories is in Ramallah. The bank operates about 84 branches and offices in Jordan and 21 in the Palestinian territories. CAB currently ranks sixth in Jordan and third in the Palestinian territories based on assets. It is also ranked third in the Palestinian territories based on the number of branches it has.

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