The financing, backed by ING and KeyBank, supports three battery energy storage system (BESS) projects in Texas’ fast-growing ERCOT power market.

Borrower: Multiple special purpose vehicles Obligor: Alfanar Global Development Size: $1.8 billion Structure: Murabaha, istisna-ijara facilities Tenor: 7.5 years Banks: Alinma Bank, Riyad Bank, Saudi ...