Powering Global Growth

SkyBlu Solar

By leveraging our established relationships within Saudi Arabia, we ensure US projects gain access to favorable loan rates and terms, making renewable energy initiatives more financially viable.

In addition to financing assistance, SkyBlu Solar connects US projects with a network of trusted Saudi Arabian vendors and suppliers. We understand the importance of sourcing high-quality components for solar projects.

Our deep knowledge of the Saudi market allows us to identify the most suitable vendors for engineering services, solar panels, and other essential equipment. By facilitating these connections, we streamline the project development process and ensure projects benefit from both financial and logistical support from Saudi Arabia.

This comprehensive approach not only reduces costs but also fosters a stronger renewable energy partnership between the US and Saudi Arabia.

Strategic Saudi Partnership

Structured Finance for International Projects

SkyBlu Solar has established strong relationships within Saudi Arabia, including key connections with financial institutions and renewable industry leaders.

  • Unlocking Saudi EXIM Bank Financing

    • We facilitate access to the Saudi Export-Import Bank (Saudi EXIM Bank) for US-based renewable projects.
    • Saudi EXIM Bank offers favorable loan rates and terms for projects utilizing Saudi-sourced components and services.

  • Advantages

    • Lower Cost of Capital (Net 3% savings on average)
    • Retain 100% of your Investment Tax Credits (ITC)
    • Trusted U.S.-based team to assist with all your financial, service, and engineered product needs.

End-to-End Support

SkyBlu Solar provides comprehensive end-to-end project finance support for US-based renewable projects seeking Saudi EXIM Bank financing and components.

Navigating the Process

SkyBlu guides you through every step of the financing process.

Vendor Selection & Management

We leverage our extensive network to identify the best Saudi suppliers for your project's engineering, solar panels, and other components.

Local Expertise

Our deep understanding of the Saudi market helps SkyBlu deliver highly beneficial financial, service, and engineered products to our clients.

Product Method for Structured Finance

We provide this product in the form of medium- to long-term loans to support companies’ ability to carry out international projects that incorporate local goods or services, considering the involvement of Saudi companies in the implementation of significant international projects in various fields.

  • Steps

    1. The exporter shall provide SaudiEXIM with the project documents, the financing request, and/or a Letter of Intent.
    2. SaudiEXIM shall evaluate the project, and a Letter of Intent will be submitted.
    3. After awarding the project to the local exporter, SaudiEXIM shall disburse it to the exporter.
    4. The exporter shall implement the project and pay SaudiEXIM according to the agreed financing terms.

  • Product Advantages

    Improving competitiveness in international markets

    • Expanding the customer base in new and existing markets.

    Facility Term

    • Medium and long-term.

    Financing Limit for Coverage

    • Up to 80% of the contract value (to be determined after study).

Structured Finance

International Projects

  1. Saudi Exporter identifies opportunity to generate exports for an Int'l Buyer (either purchases or projects)
  2. Int'l Buyer expresses need to obtain financing from Saudi EXIM against Saudi Exporter's inputs
  3. Saudi EXIM assesses Int'l Buyer and approves financing against Saudi inputs
  4. Saudi Exporter delivers inputs to Int'l Buyer
  5. Saudi Exporter submits support documents to Saudi EXIM
  6. Saudi EXIM provides payment to Saudi Exporter for goods/services
  7. Int'l Buyer repays facility as per credit terms

Vendor Partners

  • Solar Panels Manufacturers

    • Saudi Energy Solutions Industries (SESI)
    • Al Yamama Factory for Solar Panels
    • Al Watania Solar Systems
    • Desert Technologies
    • Masdar
    • Green technologies (Gtek Solar)

  • Inverters and Power Electronics

    • Saudi Advanced Industries Company (SAIC)
    • Saudi Electric Company (SEC)
    • ABB Saudi Arabia (also involved in energy storage solutions)
    • SMA Saudi Arabia

  • Transformers and Electrical Equipment

    • Saudi Transformers Company (STC)
    • ABB Saudi Arabia

  • Racking Systems and Mounting Structures

    • Saudi Pipe Systems Co. (SPS)
    • Zamil Steel Industries
    • Schletter

  • Cabling

    • Asharqiyah Cables
    • Green Technologies (Gtek)
    • Saudi Cable Company (SCC)
    • Bahra Electric

  • Battery Storage Systems

    • Advanced Electronics Company (AEC)
    • ABB Saudi Arabia

  • Monitoring and Control Systems

    • Saudi Industrial Control Systems (SICS)
    • Schneider Electric Saudi Arabia

  • Engineering / Testing Services

    • GCC Electrical Testing Laboratory (UL Partner)