Antaisolar, Bahra Electric Form Solar Tracker JV in Saudi

• Antaisolar and Bahra Electric join forces in Saudi Arabia to produce cutting-edge solar solutions, meeting the region's growing demand for renewable energy.

Antaisolar and Bahra Electric have agreed to establish a joint venture in Saudi Arabia to produce solar trackers and mounting solutions. The new company and factory will be based in Jeddah, with plans to reach an annual production capacity of 8 GW by 2025, increasing to 24 GW by 2027. Antaisolar aims to expand into the Middle East and position the new factory as a critical manufacturing and service hub for the region, focusing on maximizing local content and addressing utility-scale project challenges.

Solar energy is on the rise in Saudi Arabia, with developer ACWA Power advancing several large-scale projects. The company recently signed power purchase agreements for 5.5 GW of new solar projects and secured financing for an additional 4.5 GW earlier this year. The collaboration between Antaisolar and Bahra Electric reflects the growing interest and investment in renewable energy in the region, with a focus on sustainable and efficient solar solutions.

What are the plans for Antaisolar and Bahra Electric's joint venture in Saudi Arabia?

• The joint venture between Antaisolar and Bahra Electric in Saudi Arabia aims to produce solar trackers and mounting solutions.
  
• The new company and factory will be based in Jeddah.
  
• The goal is to reach an annual production capacity of 8 GW by 2025, with plans to increase to 24 GW by 2027.
  
• Antaisolar is looking to expand into the Middle East and position the new factory as a critical manufacturing and service hub for the region.
  
• The focus will be on maximizing local content and addressing utility-scale project challenges.
  
• The collaboration reflects the growing interest and investment in renewable energy in Saudi Arabia, with a focus on sustainable and efficient solar solutions.
• Developer ACWA Power is advancing several large-scale solar projects in the country, with recent power purchase agreements for 5.5 GW and financing secured for an additional 4.5 GW.