Our Company |   Join Our Club |      

news categories



news per location



September 2017



Read our bloggers



Power Plants



  • Directorio de Eficiencia energética

Isofoton and Indsys to develop 300MW photovoltaic projects in Saudi Arabia

Jump to the comments

ISOFOTON, has signed a joint venture agreement with Industrial Systems Corp (INDSYS), a Saudi Arabian company with a significant interest in the renewable energy sector, in order to install 300 MW of photovoltaic plant facilities in Saudi Arabia. This deal was signed on August 15, 2012.

 

Under the agreement, the parties plan to jointly develop and construct significant projects in the Middle East, North Africa (MENA) and India region, including Saudi Arabia. This initiative will see ISOFOTON continue to spearhead developments in the photovoltaic sector at world level, responding to high photovoltaic demand, with plans in the pipeline to roll out 1500 MW in the next two years.

 

This agreement is supported by the Saudi Arabian government’s commitment to defining a strategy to foster renewable energies as a clean alternative for power generation. In this regard, according to data from the King Abdullah City for Atomic and Renewable Energy (KA-CARE), the country is aiming to install about 14 GW of solar photovoltaic facilities by 2030.

 

Ángel Luis Serrano, President of ISOFOTON, stated “We are sure that this partnership will bring a strong value to both companies, given that it will take place in Saudi Arabia, a market that offers major opportunities for the development of renewable energy. This agreement also provides a highly valuable platform for focusing all our photovoltaic projects in the Middle East, North Africa (MENA) and India: priority markets for the photovoltaic industry in the coming years.”

 

According to Amr Murad, CEO of INDSYS, “We are delighted to collaborate with ISOFOTON, a leader in the development of applied solutions for solar energy generation, and establish the best, most professional platform for the photovoltaic sector in the Middle East and India region. We expect to benefit greatly from their team’s vast experience and competence in the investment for and development and construction of industrial projects and their success in the execution of diversified industrial projects.”

 

The main lines of action of ISOFOTON’s global development plans are based on constant innovation and a commitment to R&D, in addition to the establishment of production centers in the end customers’ location, internationalization, and strategic alliances with prestigious companies including Samsung, Posco Plant Engineering and Mercedes AMG Petronas. ISOFOTON’s president recently announced a EUR 40 million investment from Samsung for its Malaga facility (Spain), aimed at increasing production capacity and improving technological efficiency. A new 50-MW capacity production plant will open in Ohio (US) in November 2012, with plans to expand capacity to 100 MW. In order to strengthen its position in key markets for the photovoltaic sector, ISOFOTON has already finalized an agreement for the construction of a 50-MW photovoltaic plant in the Dominican Republic and expects to inaugurate another 50-MW one in Ecuador.

 

Solar PV | News published on 27 / 09 / 2012 by Gisela Bühl

Comments in this news Add yours

Patricia

This is a message to the webmaster. Your website is missing out on at least 300 visitors per day. I have found a company which offers to dramatically increase your visitors to your site: http://url.lathouwers.ws/6 They offer 500 free visitors during their free trial period and I managed to get over 15,000 visitors per month using their services, you could also get lot more targeted visitors than you have now. Hope this helps :) Take care.
Posted on 27 / 09 / 2012 | Patricia

Sammy

This is a comment to the webmaster. Your Isofoton and Indsys to develop 300MW photovoltaic projects in Saudi Arabia - MENA & Turkey | Energetica India Magazine website is missing out on at least 300 visitors per day. I have found a company which offers to dramatically increase your traffic to your site: http://anders.ga/jr5yo They offer 500 free visitors during their free trial period and I managed to get over 15,000 visitors per month using their services, you could also get lot more targeted traffic than you have now. Hope this helps :) Take care.
Posted on 27 / 09 / 2012 | Sammy

Samantha

I discovered your Isofoton and Indsys to develop 300MW photovoltaic projects in Saudi Arabia - MENA & Turkey | Energetica India Magazine page and noticed you could have a lot more hits. I have found that the key to running a website is making sure the visitors you are getting are interested in your niche. There is a company that you can get visitors from and they let you try the service for free. I managed to get over 300 targeted visitors to day to my website. Visit them here: http://stag.ga/s
Posted on 27 / 09 / 2012 | Samantha

Anne

I came to your Isofoton and Indsys to develop 300MW photovoltaic projects in Saudi Arabia - MENA & Turkey | Energetica India Magazine page and noticed you could have a lot more visitors. I have found that the key to running a popular website is making sure the visitors you are getting are interested in your subject matter. There is a company that you can get traffic from and they let you try the service for free. I managed to get over 300 targeted visitors to day to my website. Check it out here: http://swtuts.com/s/9
Posted on 27 / 09 / 2012 | Anne

  Other Interesting News

Giant UK battery launched to tackle challenges in energy storage CG wins USD 105 million order from PT PLN Indonesia TERI releases 29th edition of TEDDY Voice your opinion on OffShore Wind Policy 2013 Alstom signs two contracts in Brazil