Red Sea Utilities

Red Sea Utilities Project - Financing

Borrower(s)
Red Sea Utilities
Industry
Renewables/Renewables (other)
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Deal Overview

A consortium led by local developer Acwa Power has reached financial close for the $1.33bn Red Sea Utilities project, which will be 100 percent powered by renewable energy and the largest battery energy storage system in the world.The utilities project will supply renewable energy, water, wastewater...

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Deal Volume
$1.3bn
Financial Close
23/02/2022
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Tranches

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Project Deals

Red Sea Utilities Project
$1.33bn
Greenfield
Renewables (other)
Middle East
Middle East
Saudi Arabia