ACCIONA raises $480m in green finance for three sewage treatment plants in Saudi

ACCIONA, a company in the development of water and other sustainable infrastructure, together with its local partners Tawzea and Tamasuk, has closed green loans totaling $480m for three independent sewage treatment plants (ISTPs) in Saudi Arabia.

These new water treatment contracts have been awarded by the state-owned Saudi Water Partnership Company (SWPC).

With the financial close of these projects, ACCIONA takes a further step in its commitment to sustainability and innovation. For the first time in its water projects, the company is structuring not only a green loan but also an Islamic financing.