Spanish PV developer Solaria Energia y Medio Ambiente has inked a collaboration agreement with Saudi Arabian business conglomerate AB Group in order to establish a joint venture in Saudi Arabia.
Under the terms of the agreement, each company will hold an equal 50% share in the joint venture which will be involved in investing and developing 16GW of PV capacity under a programme launched by the Saudi Arabian government body King Abdullah City for Atomic and Renewable Energy.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The joint venture will also be involved in providing EPC services for turnkey PV plants as well as the manufacturing of modules.
The agreement is in line with Solaria’s strategy to tap new markets which hold significant potential growth rates for its PV business.