Red Sea Wind Energy S.A.E.

Gulf of Suez 2/ Ras Ghareb Wind Project - JBIC/NEXI/EBRD Financing

Industry
Renewables/Onshore wind
Area of finance
Project & Infrastructure Finance
Region
Africa
Africa
Countries
Egypt

Deal Overview

JBIC has signed a $240 million loan agreement with Red Sea Energy to finance the Ras Ghareb onshore wind farm project.The loan is co-financed with the EBRD, SMBC, the Norinchukin Bank and Societe Generale bringing the total loan amount to $501 million with NEXI providing the insurance for the loan....

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Deal Volume
$510.9m
Financial Close
03/04/2023
Dealmakers
Hamza Lekhel

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Tranches

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Project Deals

Gulf of Suez Ras Ghareb Wind Farm Extension
$680m
Greenfield
Onshore wind
Africa
Africa
Egypt