Operis is pleased to have provided a formal model audit of the financial model for the financial close of the Rabigh Solar PV project in Saudi Arabia.

A consortium consisting of Marubeni and Aljomaih Energy and Water Co. submitted their bid for the project in January 2020, at which Operis also completed a full audit.

The project involves the development of a 300MW PV independent power project (IPP) in Rabigh, about 800km west of Riyadh, as part of round 2 of the Kingdom’s National Renewable Energy Programme (NREP), which includes other PV plants in Jeddah, Quarrayat and Al-Faisaliah. Rabigh has a 25 year PPA with the Saudi Power Procurement Company as the off-taker. Commercial Operation is expected to begin in July 2023. Mizuho Bank, Al Rajhi Banking & Investment Corp and the Japan Bank for International Cooperation (JBIC) provided the financing for the project.

CONTACT US

Please get in touch with either of our regional offices.

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Carmen-Wade-500x500.jpg
Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Jun-Tao-500x500.png
Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/04/Mark-Southall-500x500.png
Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Philip-Allen-500x500.jpg
Philip Allen
Head of Training [javascript protected email address]

Operis Europe

View Google Map
+44 207 562 0400
[javascript protected email address]

Operis North America

View Google Map
+1 647 846 7382
[javascript protected email address]

CONTACT US

Discuss your requirements with us

https://www.operis.com/wp-content/uploads/2021/01/Erwan-Fournis-500x500.png
Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Chirs-Aldred-500x500.png
Chris Aldred
Director

+44 207 562 0433

[javascript protected email address]
Name(Required)
Consent(Required)
This field is for validation purposes and should be left unchanged.