ACWA to finance renewable energy projects with green bonds – CEO

ACWA Power, partly owned by Saudi Arabia’s PIF sovereign wealth fund, will look at issuing green bonds starting next year to finance some of its renewable energy projects, its chief executive said. ACWA Power already has five projects certified for green finance which together will require just under $10 billion to fund. In August, ACWA and a consortium secured financing for Sudair Solar PV, a 1.5-gigawatt plant that is the first under the Public Investment Fund’s renewables program.