Sakaka Solar Energy Company

Sakaka IPP Financing

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

Deal Overview

Pioneering renewable project in Saudi Arabia. The Project is the first solar IPP project in the Kingdom of Saudi Arabia and forms part of Round One of the National Renewable Energy Program Procured by the Renewable Energy Project Development Office (“REPDO”). The Project is an important...

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Pioneering renewable project in Saudi Arabia. The Project is the first solar IPP project in the Kingdom of Saudi Arabia and forms part of Round One of the National Renewable Energy Program Procured by the Renewable Energy Project Development Office (“REPDO”). The Project is an important development in achieving the energy related objectives set out in Saudi Arabia’s Vision 2030. The first IPP project in the KSA without any offtaker / state equity participation – a developmental change from the existing IPP framework in KSA.

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Deal Volume
$ 225m
Financial Close
14 November 2018
Sources
Submitted by participant(s)

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Projects

Sakaka IPP

Greenfield
Solar
Saudi Arabia
$ 300m