Yunda Energy Technology Group has completed financing for the Saudi Yanbu wind power project, achieving a non-recourse structure led by the Japan Bank for International Cooperation with participation from institutions including Standard Chartered Bank.
The company said this is its third project in Saudi Arabia to reach a financing closed loop after deals completed by the end of 2024.
It added that the outcome reflects international recognition of the project’s asset quality, technical reliability and long-term profitability.
Yunda stated that bankability is central to its international product strategy, which benchmarks risk control standards used by mainstream global lenders.
The Yanbu project will use the WD200-7700IW turbine, an international model developed for high temperature, high salt spray and sand and dust conditions in the Middle East.
The turbine has already achieved stable operation in multiple Saudi projects and meets the strict requirements of non-recourse financing for equipment and project risk control.
Yunda has established an execution and delivery system in the Middle East and North Africa covering planning, cross-border logistics, on-site construction, grid connection and operations and maintenance.
The company said the financing result demonstrates its ability to supply high-reliability wind power equipment and system solutions to global markets and shows strong recognition of Chinese wind technology in the international high-end market.