HomeMiddle East Market ›Ajlan and Bros Holding and SolarEdge Technologies Form JV to Expedite Solar Adoption in Kingdom of Saudi Arabia

Ajlan and Bros Holding and SolarEdge Technologies Form JV to Expedite Solar Adoption in Kingdom of Saudi Arabia

The JV is being developed to assist in the deployment of smart renewable energy solutions in Saudi Arabia, aligning with the Saudi Vision 2030 initiative that intends to minimise the nation’s dependence on oil by the end of this decade.

August 03, 2023. By Nivedita Ojha

SolarEdge Technologies, Inc. (SolarEdge) announced the structuring of a consortium with Ajlan & Bros Holding (ABH), one of the largest private sector conglomerates in the Middle East and North Africa region. The JV entity will be established in Riyadh, Kingdom of Saudi Arabia.

The JV is being developed to assist in the deployment of smart renewable energy solutions in Saudi Arabia, align with the Saudi Vision 2030 initiative that intends to minimise the nation’s dependence on oil by the end of this decade.

Leveraging the established position of ABH in Saudi Arabia and the vast experience accumulated by SolarEdge in smart energy technology, the JV will offer enterprises in the country solutions from SolarEdge’s portfolio of systems for energy generation, storage, and management as well as site modeling and energy transition consultancy.

Zvi Lando, SolarEdge Chief Executive Officer said, “We are honored to partner with Ajlan & Bros Holding and to support Saudi Arabia’s journey towards ‘Vision 2030’. SolarEdge is committed to driving the clean energy transition on a global scale, exemplified by this JV which will provide local enterprises in Saudi Arabia with the support they need to rapidly transition away from fossil fuels to clean solar energy and meet their aggressive renewable energy goals.”

The JV will be jointly managed by a talented team of experienced professionals from both companies, with ABH as the majority shareholder.

Ajlan & Bros Holding is one of the huge private sector entity in the Middle East and North Africa region, with a significant presence throughout over 25 nations and 75 companies.

SolarEdge is leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems.
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