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ACWA Finalizes $2.2 Billion Financing for Two Solar Projects in Saudi Arabia

ACWA will hold a 35% equity stake in the projects

July 18, 2023

/ Arjun Joshi
/ Finance and M&A, Solar,
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Saudi Arabia-based energy company ACWA Power has signed financing agreements with a consortium of investors to develop Al Shuaibah 1 and Al Shuaibah 2 solar projects for a total investment of SAR8.3 billion (~$2.2 billion).

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Arjun Joshi

More articles from Arjun Joshi.
ACWAAl ShuaibahBadeelInvestmentsSaudi Arabia
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