Afif One Renewable Energy Company

Afif1, Afif2, Humaij, Bisha and Khulis Solar Projects – Financing

Borrower(s)
Industry
Renewable energy/PV solar
Area of finance
Project & Infrastructure Finance
Region
Middle East
Middle East
Countries
Saudi Arabia

Project Overview

ACWA Power, Badeel (PIF) and Saudi Aramco have secured $5.9 billion in financing for five Saudi solar PV plants with a combined capacity of 12GW in Saudi Arabia. The Afif1(2GW), Afif2 (2GW), Humaij (3GW), Bisha (3GW) and Khulis (2GW) solar PV plants are located in the central, western and southern...

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Deal Volume
$5.9bn
Dealmakers

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Tranches

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Project Deals

2GW Afif1 Solar Project
$983m
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia
2GW Afif2 Solar Project
$983m
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia
3GW Humaij Solar Project
$1.48bn
Greenfield
PV solar
Middle East
Middle East
Saudi Arabia