Saad 2 Solar

Ar Raas 2, Saad 2, Al Kahfah Solar Projects - Financing

Borrower(s)
Industry
Renewables/PV solar
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

ACWA Power's Ar Raas 2, Saad 2, and Al Kahfah solar projects in Saudi Arabia have met the requirements for drawdown of senior loans, marking progress towards generating 4.55GW of solar power with a combined investment of $3.4 billion, predominantly financed through $2.3 billion of non-recourse...

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Deal Volume
$2.3bn
Financial Close
14/02/2024
Dealmakers
Sources

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Tranches

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Project Deals

1.125GW Saad 2 PV Solar Project
$803.57m
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia
1.425GW Al Kahfah PV Solar Project
$1.02bn
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia
2GW Ar Raas 2 PV Solar Project
$1.43bn
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia