
By PR Newswire | Article Rating: |
|
February 3, 2014 04:12 AM EST | Reads: |
405 |

RIYADH, Saudi Arabia, February 3, 2014 /PRNewswire/ --
As part of its strong Renewable energy plans, The Saudi Technology Development and Investment Company (TAQNIA) has anchored a new milestone by acquiring 50% of SUN & LIFE, Saudi Arabian Leader in Solar Energy.
(Photo: http://photos.prnewswire.com/prnh/20140203/667546 )
TAQNIA is a development and investment company owned by the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia. It promotes technology and knowledge transfer in Saudi Arabia through partnering with leaders in industry, venture capital, and academia to add maximum strategic value to the Kingdom while maintaining attractive returns on investment.
SUN & LIFE is the Solar subsidiary branch of the ACWA Holding, a regional infrastructural developer especially in the power and water sectors.
The company currently plans, engineers, realizes and operates large-scale photovoltaic plants. Its latest achievement is the largest PV plant of Saudi Arabia for Saudi Aramco, with a power capacity of 10.5MW, allowing powering the equivalent of 6,000 residential homes.
SUN & LIFE has recently demonstrated its active role in the CSP Industry, by acquiring the German FLABEG, a technology provider and manufacturing leader of solar mirrors used in all kinds of CSP and CPV power plants.
This strategic acquisition includes the rebranding of SUN & LIFE into TAQNIA SOLAR, and is gathering combined talented Teams, grasping along a solid technology and market expertise.
Our focus is the Saudi Arabian Market, and other regional markets with fundamental needs for solar applications, with a continuous aim to provide an economically viable alternative to local energy sources.
TAQNIA SOLAR implementation should efficiently respond to the Saudi Energy diversification Plan proposed by KACARE, addressing 41GW of Solar projects by 2030, with an estimated project value over 350 Billion Saudi Rials.
Contact: GolCal - +966555222636
SOURCE TAQNIA
Published February 3, 2014 Reads 405
Copyright © 2014 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
![]() Apr. 24, 2018 10:45 AM EDT Reads: 1,733 |
By Yeshim Deniz Apr. 24, 2018 10:30 AM EDT Reads: 1,110 |
By Yeshim Deniz ![]() Apr. 24, 2018 10:00 AM EDT Reads: 2,014 |
By Elizabeth White ![]() Apr. 24, 2018 10:00 AM EDT Reads: 2,088 |
By Yeshim Deniz Apr. 24, 2018 10:00 AM EDT Reads: 2,689 |
By Pat Romanski Apr. 24, 2018 09:45 AM EDT Reads: 2,336 |
By Liz McMillan Apr. 24, 2018 09:30 AM EDT Reads: 2,694 |
By Elizabeth White ![]() Apr. 24, 2018 09:30 AM EDT Reads: 6,579 |
By Yeshim Deniz Apr. 24, 2018 09:15 AM EDT Reads: 2,830 |
By Yeshim Deniz Apr. 24, 2018 08:30 AM EDT Reads: 1,143 |
By Elizabeth White ![]() Apr. 24, 2018 08:30 AM EDT Reads: 1,175 |
By Liz McMillan ![]() Apr. 24, 2018 08:15 AM EDT Reads: 5,634 |
By Liz McMillan ![]() Apr. 24, 2018 08:00 AM EDT Reads: 5,250 |
By Liz McMillan ![]() Apr. 24, 2018 07:30 AM EDT Reads: 3,967 |
By Liz McMillan ![]() Apr. 24, 2018 07:00 AM EDT Reads: 5,472 |