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Provider: GlobalData
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Solaria Energia y Medio Ambiente SA To Develop Photovoltaic Projects Jointly with AB Group

Wednesday, 27 Feb 2013 06:31am EST 

Solaria Energia y Medio Ambiente SA announced that it has signed a memorandum of understanding with AB Group to create a joint venture. Both companies have agreed to start negotiations to jointly (50%-50%) undertake: manufacturing of photovoltaic modules; execution of turnkey Solar PV projects, including engineering, procurement and construction; and investments in PV projects in the Kingdom of Saudi Arabia under the KACARE program (King Abdullah City for Atomic and Renewable Energy), for the development of 16 gigawatt (GW) of photovoltaic solar power in the next few years. 

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0.0050 +0.61%
26 Nov 2014