ACWA Power Company announced on November 27, 2025, the financial close for five large-scale PV solar plants in Saudi Arabia with a combined capacity of 12,000MW. The SAR 16.9 billion (USD 4.5 billion) financing was secured from a consortium of 18 local, regional, and international banks for approximately 27 years. ACWA Power holds a 35.1% effective shareholding in each project, while Badeel and Saudi Aramco Power Company own 34.9% and 30% respectively. The funding will support the development, design, construction, and operation of these solar plants located in the central, western, and southern regions of Saudi Arabia.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.