Bracewell Represents Lenders on Saad 300 MW Solar PV IPP in Saudi Arabia

LONDON AND DUBAI – Bracewell LLP represented the lenders, comprising Riyad Bank, Abu Dhabi Islamic Bank and Arab Petroleum Investment Corporation, on the development and financing of the 300 MW Saad solar PV IPP in Saudi Arabia. The project, which is being developed by Jinko Power, reached financial close on January 18, 2023, after navigating difficult macro-economic conditions, including spiraling inflation and material sourcing difficulties.

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