| Element List | Explanation |
|---|---|
| Introduction | ACWA Power Company announces completion of the financial close for two large-scale wind power plants, namely Starah and Shaqra, located in the central region of Saudi Arabia, with production capacities of 2,000MW and 1,000MW of wind renewable power, respectively. Starah First Renewable Energy Company and Shaqra First Renewable Energy Company are the respective counterparties for the financing agreements, where ACWA Power’s effective shareholding in each is 35.1% while Badeel and Saudi Aramco Power Company own 34.9% and 30%, respectively. |
| Date of obtaining the funding | 2025-11-27 Corresponding to 1447-06-06 |
| Financing entity | A consortium of local and international banks including Alinma Bank, Bank of China, China Minsheng Banking Corporation, Eurobank, Industrial and Commercial Bank of China, KfW IPEX, Mizuho, Natixis, Société Générale, Standard Chartered, and Sumitomo Mitsui Trust Bank. |
| Financing amount. | SAR 5.44 billion (USD 1.45 billion) |
| Financing duration. | Approximately 27 years |
| Guarantees offered for the financing | For ACWA Power, limited to its standby equity. |
| Financing objective | Development, design, construction and operation of two Wind Power plants |
| Related Parties | Badeel, a wholly owned company of the Public Investment Fund |
