UAE’s Masdar, alongside its consortium partners GD Power and Korea Electric Power, reached the financial close for the 2 GW Al Sadawi solar project in Saudi Arabia’s eastern province. The project is part of the country’s National Renewable Energy Program and is overseen and directed by the Ministry of Energy. The project has an investment of $1 billion and will be financed through facilities arranged with ADCB, ADIB, Bank of China, BNP Paribas, HSBC, KEXIM, Société Générale, and Standard Chartered Bank.