Neosun Energy, a global developer of solar energy solutions, has opened a new regional office in Dubai, United Arab Emirates, and shared plans to open new offices in Saudi Arabia and Oman.
Neosun shared that its solar installations are adaptable for remote and off-grid locations, addressing the challenges of limited or unreliable conventional electricity access, and enabling businesses in remote areas to initiate operations independently of the grid.
The company’s projects are currently present across 16 countries.
“The unique climatic conditions of the MENA region make it an ideal center for solar energy production,” said Ilya Likhov, CEO of Neosun Energy. “The UAE, Saudi Arabia, and Oman have one of the highest solar exposure rates globally, with solar irradiance from around 2,285 kWh/m2 to 7,004 kWh/m2.”
The company noted that the MENA region is witnessing a shift towards sustainable energy, with the International Energy Agency projecting that the Middle East and North Africa (MENA) region will add 62GW of renewable energy capacity over the next five years.
Solar capacity is set to account for over 85 per cent of the expansion, it noted.
“As solar energy is the most cost-effective form of energy generation today, the MENA countries can produce the cheapest electricity. All of this is fertile ground for local entrepreneurs to utilize solar energy solutions to make their businesses more profitable”, commented Likhov.
According to Likhov, the company is in talks with potential partners in the MENA region.
“We strongly believe that the new Neosun Energy office will help to be closer to local businesses and commercial enterprises to provide them with affordable solar energy solutions: be it solar plants, innovative energy storage systems, or portable Power Hubs.”
Likhov added that using these technologies will help local businesses to increase their cost efficiency and investment attractiveness.”