{"id":106707,"date":"2025-08-20T00:00:00","date_gmt":"2025-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/masdar-led-solar-project-in-ksa-reaches-financial-close\/"},"modified":"2025-08-20T00:00:00","modified_gmt":"2025-08-20T00:00:00","slug":"masdar-led-solar-project-in-ksa-reaches-financial-close","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/","title":{"rendered":"Masdar-led solar project in KSA reaches financial close"},"content":{"rendered":"

Masdar-le<\/strong>d solar megaproject secures financial close: <\/strong>Renewables giant Masdar and its consortium partners China\u2019s GD Power and Korea Electric Power Corporation have reached financial close on the 2 GW Al Sadawi solar project in Saudi Arabia\u2019s Eastern Province, according to a press release<\/a>. The plant is expected to operate at full capacity in early 2027, with commercial operations targeted for later the same year. <\/p>\n

The total project cost is estimated at around USD 1.1 bn,<\/strong> with financing facilities secured from eight regional and international lenders \u2014 Standard Chartered Bank, Kexim, ADCB, BNP Paribas, Abu Dhabi Islamic Bank, Bank of China, HSBC, and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale \u2014 covering a \u201csubstantial portion,\u201d the statement said<\/span><\/p>\n

REMEMBER-<\/strong> The consortium lined up<\/a> a USD 225 mn financing from the Export-Import Bank of Korea (Kexim) in June. <\/p>\n

The plant will be developed on a build, own, operate basis<\/strong>, under a 25-year power purchase agreement inked last year<\/a> with the Saudi Power Procurement Company. Masdar awarded<\/a> the EPC contract to Chinese power generation firm Shanghai Electric in April. GD Power Development will reportedly have a 40% stake in the project but the entire ownership structure was not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Located in Saudi\u2019s Eastern Province, the project cost is estimated at around USD 1.1 bn.<\/p>\n","protected":false},"author":1,"featured_media":106708,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1795],"tags":[7,171,211,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-106707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renewables","tag-enterpriseam-uae","tag-masdar","tag-renewables","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"311265ad-f738-41b4-80a1-fe11e8369619","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1227.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar-led solar project in KSA reaches financial close","related_issue":[106697],"teaser":"Located in Saudi\u2019s Eastern Province, the project cost is estimated at around USD 1.1 bn.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.81138cfe-37c1-41bb-a11a-4d6076cc5573.mp3"},"yoast_head":"\nMasdar-led solar project in KSA reaches financial close - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar-led solar project in KSA reaches financial close\" \/>\n<meta property=\"og:description\" content=\"Located in Saudi\u2019s Eastern Province, the project cost is estimated at around USD 1.1 bn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1227.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Masdar-led solar project in KSA reaches financial close\",\"datePublished\":\"2025-08-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\"},\"wordCount\":198,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1227.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"Masdar\",\"renewables\",\"solar energy\"],\"articleSection\":[\"RENEWABLES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/08\/20\/masdar-led-solar-project-in-ksa-reaches-financial-close\/\",\"name\":\"Masdar-led solar project in KSA reaches financial close - 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