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Monday, April 15, 2024

Launch Partners

Jinko Power Technology Co’s Saudi subsidiary Al Ghazala Energy Company commences construction of 300 MW Saad Solar PV Project

SAUDI ARABIA: Al Ghazala Energy Company, a Saudi-based subsidiary of China’s Jinko Power Technology Co, has achieved financial close and commenced construction of its 300 MW Saad Solar PV Project in the Kingdom, a press release announced.

A consortium of three lenders is providing long-term, non-recourse project financing to Ghazala, in which the project debt facilities comprise both Islamic and structured senior tranches.

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