China’s Yunda Energy Technology Group said it has completed financing for the Yanbu wind power project in Saudi Arabia under a non-recourse structure led by the Japan Bank for International Cooperation (JBIC), with participation from lenders including Standard Chartered Bank.
The company said the Yanbu project is its third development in Saudi Arabia to achieve a closed-loop financing structure, following deals completed by the end of 2024. Yunda said the latest financing reflected international recognition of the project’s asset quality, technical reliability and long-term profitability.
Yunda said bankability is central to its international product strategy, which is designed to meet the risk control standards typically required by mainstream global lenders.
The Yanbu project will deploy Yunda’s WD200-7700IW wind turbine, a model developed for high-temperature environments with high salt spray and sand and dust conditions common in the Middle East. The company said the turbine has already achieved stable operation in several Saudi projects and meets the requirements for non-recourse financing in terms of equipment performance and project risk control.
Yunda said it has established an execution and delivery system across the Middle East and North Africa, covering project planning, cross-border logistics, on-site construction, grid connection, and operations and maintenance.
The company added that securing non-recourse financing for Yanbu demonstrates its ability to provide high-reliability wind power equipment and system solutions to international markets, and underlines growing acceptance of Chinese wind technology in the global high-end renewable energy sector.
