Standard Chartered provides financing for ACWA Power's NEOM Green Hydrogen Project
USD8400M
Deal Value
2.2 GW
Capacity
ACWA Power achieves financial close for the $8.4 billion NEOM Green Hydrogen Project, with Standard Chartered Bank among the lenders. The project will produce green hydrogen using 2.2 GW of electrolyser capacity.
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Counterparts (12)
Lender
Saudi Industrial Development Fund (SIDF)
The Saudi Industrial Development Fund (SIDF) is a government financial institution in Saudi Arabia that provides financial support and advisory services to promote industrial development in the country. SIDF focuses on diversifying the Saudi economy by supporting various industrial sectors.
Standard Chartered Bank
Standard Chartered is a global bank connecting corporate, institutional and affluent clients to a network that offers access to sustainable growth opportunities across Asia, Africa and the Middle East. They combine cross-border capabilities with wealth management expertise.
Saudi National Bank (SNB)
Saudi National Bank (SNB) is a Saudi Arabian bank that provides financial services. It is involved in project finance and investment activities across various sectors.
Sumitomo Mitsui Banking Corporation (SMBC)
Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese bank that provides financial services globally. It is involved in infrastructure projects as a lender and advisor, supporting various sectors including renewable energy, transportation, and utilities.
Mizuho
Mizuho America, Inc. collaborates with surgeons to provide neurosurgical devices. Their mission is to provide safe and reliable equipment for medical care environments.
HSBC
HSBC is one of the world’s largest banking and financial services organisations. Their strategy supports their ambition to be the most trusted bank globally, putting customers at the heart of everything they do. They are focused on long-term, sustainable growth, focused on areas of their competitive strengths.
N
National Infrastructure Fund (NIF)
The National Infrastructure Fund (NIF) invests in infrastructure projects across various sectors and geographies. Their strategy focuses on long-term investments that contribute to economic growth and societal development.
First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) is a financial institution that provides banking services and financial solutions. They are involved in project finance and infrastructure financing across various sectors.
Korea Development Bank (KDB)
Korea Development Bank (KDB) is a state-owned bank in South Korea that provides financial support for strategic industries and infrastructure projects. KDB plays a crucial role in financing and promoting economic development in South Korea and internationally.
Banque Saudi Fransi (BSF)
Banque Saudi Fransi (BSF) is a Saudi Arabian bank that provides various financial services. It participates in infrastructure projects primarily through lending and advisory roles.
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Announced
May 28, 2024
Signed
Closed
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