Decentralised energy solutions company Positive Zero and Tamimi Energy have signed a strategic partnership to develop and deliver solar power projects across the Kingdom of Saudi Arabia.
This was formalised with a Partnership Agreement between SirajPower, Positive Zero’s distributed power generation subsidiary, and Energy Equipment Rental Company (ENERCO), one of Saudi Arabia’s power solutions providers under Tamimi Energy.
Through this partnership, SirajPower and ENERCO will collaborate by leveraging their complementary capabilities to develop and finance commercial and industrial solar power solutions across the Kingdom of Saudi Arabia.
This will include deploying human talent, equipment, technology, and other resources to the projects they secure jointly.
It was highlighted that, according to the Shell Global Energy Resources Database, Saudi Arabia is already one of the top ten countries in the world with the highest potential for producing centralised solar energy.
Further, over the past 18 months, Saudi Arabia has approved new regulations aimed at enabling the construction and provision of distributed solar energy solutions to increase the contribution of distributed solar PV power to the country’s energy mix.
Commenting on the partnership, Salah Abdullatif, Executive General Manager at Tamimi Energy Holding Company, said: “The pace of the clean energy transformation in the Kingdom of Saudi Arabia is picking up rapidly, with the Saudi Green Initiative setting an ambitious target to increase the share of renewable energy to 50% of the primary energy mix by 2030. This is no small feat, and ENERCO, as a key subsidiary of Tamimi Energy, is ideally positioned to play a crucial role in this journey. Our collaboration with SirajPower and the Positive Zero group will perfectly complement Tamimi Energy’s capabilities and open up significant opportunities for both parties to accelerate the adoption of solar power across multiple sectors in the Kingdom.”
David Auriau, Co-Founder and CEO of Positive Zero, added: “The Kingdom of Saudi Arabia is about to experience a surge in demand for clean energy, and photovoltaic solar power will be the foundation for meeting this demand as the key element of the National Renewable Energy Program of Vision 2030. To support attaining the goal of installing 40 GW of photovoltaic solar power by 2030, our partnership with Tamimi Energy will bring out the best of both our groups to the Saudi market, and we could not have chosen a better partner for Positive Zero’s first strategic partnership in the Kingdom. We look forward to playing a crucial role in the transformation of the Saudi energy sector through this agreement between SirajPower and ENERCO to bid on projects and deliver them together.”