Project Finance Brief: ACWA, Partners Secure Funding for 15 GW Renewable Projects
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ACWA Power, a developer, owner, and operator of power generation projects, along with the Water and Electricity Holding Company (Badeel), a wholly owned company of PIF, and Saudi Aramco Power Company, a wholly owned subsidiary of Aramco, has secured $8.2 billion in financing. The funding will be used to develop seven giga-scale projects, comprising five solar projects and two wind energy projects, with a combined capacity of 15 GW.
