Abdul Latif Jameel Energy and Environmental Services, a leading global player in solar power sector, has expressed its keenness to support Saudi Arabia’s national agenda for a renewable energy industry, as outlined in the Vision 2030 plan.
The company recently celebrated the first anniversary of its acquisition of Fotowatio Renewable Ventures (FRV), a leading global developer of solar power projects.
Mohammed Abdul Latif Jameel, chairman and CEO of Abdul Latif Jameel, said the company is strategically placed to be part of the development of this burgeoning sector.
Abdul Latif Jameel Energy and Environmental Services completed the acquisition of FRV in April 2015, making the company the largest GCC-based solar photovoltaic (PV) developer and one of the leading solar PV developers in the world.
As part of its drive to identify and drive investments and strategic partnerships in Saudi Arabia, Abdul Latif Jameel appointed Omar Al-Madhi as senior managing director and member of the board for investments, based in Riyadh. He also leads the Saudi-based activities for Abdul Latif Jameel Energy and Environmental Services, exploring opportunities and forming strategic partnerships in Saudi Arabia’s renewable energy sector, the report said.
Abdul Latif Jameel Energy and Environmental Services holds a 4.3 GWdc pipeline of projects in emerging solar markets, including the Middle East, Australia, Africa and Latin America.