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Home » Finance » ACWA Power Secures Financing for 5.5 GW Solar Projects in Saudi Arabia
Finance

ACWA Power Secures Financing for 5.5 GW Solar Projects in Saudi Arabia

By Daniel BakerOctober 1, 20242 Mins Read
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Credit: ACWA Power
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ACWA Power Co and its partners, the state-owned Water and Electricity Holding Company (Badeel) and Saudi Aramco Power Company (SAPCO), have reached financial closure for solar projects totaling 5.5 gigawatts (GW) in Saudi Arabia. The total investment is approximately SAR 12 billion (USD 3.2 billion/EUR 2.8 billion). The projects include the 2-GW Haden, 2-GW Muwayh,

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Abu Dhabi ACWA Power Badeel Banque Saudi Fransi Emirates NBD First Abu Dhabi Bank HSBC Mizuho Bank Photovoltaic Riyad Bank Saudi Arabia Saudi Aramco Saudi National Bank Solar Standard Chartered Bank
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