Sakaka: Cash in sand

In:

Renewables

Region:

Middle East & Africa

Max Thompson

Managing Editor

Share:

Saudi Arabia has reached financial close on its first solar utility-scale project – the 300MW Sakaka solar PV plant. The soft miniperm financing is being put forward as a template for pure commercial bank project funding under the Vision 2030 programme. But at the moment just one bank is underwriting the whole deal.