Project Financing for Onshore Wind Power Generation Project in Saudi Arabia
Saudi Arabia, Jan. 27 -- The Japan Bank for International Cooperation (JBIC) signed a loan agreement in project financing amounting up to approximately USD152 million (JBIC portion) with RIYAH AL SAHIL COMPANY (AL SAHIL) for the Yanbu onshore wind farm project. AL SAHIL is based in the Kingdom of Saudi Arabia and invested in by Marubeni Corporation and Abdul Aziz Al Ajlan Sons Co. for Commercial and Real Estate Investment - Ajlan & Bros. The loan is co-financed with Sumitomo Mitsui Trust Bank Limited, Standard Chartered Bank Limited, and Bank of China, bringing the total co-financing amount to approximately USD305 million. In this project, AL SAHIL will build, own, and operate a 700 MW onshore wind farm in Yanbu, Al Madinah Province, Saudi ...
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