Project Financing for Two Onshore Wind Power Generation Projects in Saudi Arabia
Saudi Arabia, Dec. 19 -- The Japan Bank for International Cooperation (JBIC) signed on October 23, 2024 loan agreements in project financing amounting up to approximately USD148 million (JBIC portion) with RIAH AL-GHAT FOR ENERGY COMPANY (AL-GHAT) for the Al-Ghat onshore wind farm project, and approximately USD136 million (JBIC portion) with WAAD AL SHAMAL FOR ENERGY COMPANY (WAAD AL SHAMAL) for the Waad Al Shamal onshore wind farm project. Both companies are 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 loans are co-financed with Sumitomo Mitsui Trust Bank Limited, Standard Chartered Bank Limited, and Commercial Ban...
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