Saudi Arabian concern Vision Electro Mechanical (a subsidiary of Construction Products Holding Co.) has formed a company with $150 million in capital for the development, manufacture, and operation of solar power plants. Vision said it has begun construction of a tracker-based system at its industrial complex in Bahra, Makkah region, in cooperation with an unnamed international solar power technology company.
“Through this pioneering project, Vision hopes to introduce this new technology era to the clean energy sector in Saudi Arabia, in line with its objective of investing in renewable energy projects, said Faysal Alaquil, director of business development for CPC. “This project will not only serve to the local region, but the needs of power projects throughout the Arabian Gulf region”.
In recent years, Saudi Arabia established the King Abdullah City for Atomic and Renewal Energy as an R&D center for solar and other alternative energy sources.