Saudi Arabia Secures Financing For $2.4 Billion Solar Project

Several Saudi firms, including oil giant Aramco and a company owned by the Kingdom’s sovereign wealth fund, announced on Sunday the financial close of a major solar project in Saudi Arabia worth $2.37 billion in investment, the Saudi Press Agency reported.   Saudi Aramco Power Company (SAPCO), a wholly-owned subsidiary of the world’s largest oil firm, Aramco, as well as Saudi Arabia’s ACWA Power and the Water and Electricity Holding Company (Badeel), wholly-owned by the Public Investment Fund (PIF), are advancing the…