Barings has announced a strategic infrastructure financing package with ACWA Power, a firm specializing in power generation, water desalination and green hydrogen infrastructure.
The financing will support ACWA Power’s desalination facility, Rabigh 3, as part of its continued expansion of critical energy and water assets across key growth markets.
Barings confirmed this transaction represents its first private infrastructure investment in Saudi Arabia and underscores its commitment to backing high‑quality infrastructure projects that deliver long‑term, sustainable value.
“ACWA Power plays a pivotal role in the development and operation of essential infrastructure in Saudi Arabia,” said Richard Parker, head of Barings’ EMEA infrastructure group. “We are pleased to partner with ACWA Power and other lenders on this important transaction, further strengthening our position in the global infrastructure debt market and executing on our strategy to deepen
