Italian EPC firm Enerray has taken a stake in Saudi Arabian firm Desert Technologies as well as establishing a new joint venture for the MENA region.
The pair, which recently announced cooperation on 50MW of projects in Egypt, have formed DT Services to offer both EPC and operations and maintenance (O&M) in the Middle East and North Africa.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Enerray’s parent company, the Maccaferri Group has also taken what is described as a “significant minority stake” in Desert Technologies.
“We are delighted to be signing this agreement as part of our international expansion efforts,” said Michele Scandellari, GM, Enerray SpA. “The MENA region is one of the most promising growth markets for solar energy, and alongside our partners at Desert Technologies, we are confident of securing a significant market share.”
Desert Technologies currently operates thin-film and crystalline silicon manufacturing facilities in Saudi Arabia. It recently told PV Tech that it hoped to expand these to 500MW by 2019. The firm also has a 700MW development pipeline across the MENA region.
“This partnership expands our company’s capabilities beyond module manufacturing into construction and development, making us an integrated solutions provider,” said Nour Mousa, CEO, Desert Technologies. “With our local knowledge, backed by the experience and strength of the Maccaferri Group, Desert Technologies presents a unique and compelling value proposition,” claimed Mousa.
Enerray currently has 230MW under O&M contracts and has a presence in Central and South America as well as Turkey, Thailand and Romania.
