Synergy Consulting is honored to be the Financial Advisor to the Consortium of Masdar, EDF Renewables and Nesma Company on this transaction. Synergy provided complete Financial Advisory Services including negotiating project agreements, supporting Consortium in commercial negotiation with offtaker, raising financing for the project, financing document negotiation and other related workstreams.
Under the Round 2 Category B tender, REPDO tendered 4 solar PV IPPs with aggregate capacity of 1.4GW. The Consortium submitted a competitive bid for this tender getting selected as preferred bidder for Jeddah Project in accordance with the tendering guidelines.
The Project achieved Financial Close on April 8th, 2021. The Project is financed by a mix of regional and international lenders. Commercial operation of the Project will commence in two phases with full capacity expected to be online around mid 2023. Once operational, the Project will help bring KSA one step closer to achieving its ambitious renewable energy generation goal set under KSA’s ‘Vision 2030’ of producing 50% of its electricity from renewable sources by 2030. Read more about the Project below:
Spanish 
English 
Russian 
French 
Arabic