South Rabigh Renewable Energy Company

300MW Rabigh Solar Farm - JBIC Direct Loan

Industry
Power/PV solar
Area of finance
Project & Infrastructure Finance
Country
Saudi Arabia

Deal Overview

The Japan Bank for International Cooperation closed a loan with South Rabigh Renewable Energy Company of the Kingdom of Saudi Arabia, in which Marubeni Corporation holds an equity stake. JBIC will provide project financing for the Rabigh Solar PV Plant located in Saudi Arabia. The loan is...

show more

The Japan Bank for International Cooperation closed a loan with South Rabigh Renewable Energy Company of the Kingdom of Saudi Arabia, in which Marubeni Corporation holds an equity stake. JBIC will provide project financing for the Rabigh Solar PV Plant located in Saudi Arabia. The loan is co-financed with Mizuho Bank, Ltd and Al Rajhi Banking & Investment Corporation of Saudi Arabia. 

In this project, SRREC, which was established by Marubeni Corporation together with Al Jomaih Energy & Water Company of Saudi Arabia, will build, own and operate a 300MW solar PV plant in Rabigh, located approximately 800km to the west of Riyad, the capital of Saudi Arabia. 

The electricity produced by the plant will be sold to Saudi Power Procurement Company over 25 years.

show less
Deal Volume
$ 157m
Financial Close
19 March 2021

All Dealmakers

Tranches


To view all tranche and pricing information, please sign up or log in

Projects

300MW Rabigh Solar Farm

Greenfield
PV solar
Saudi Arabia
$ 157m