Antaisolar and Bahra Electric Join Forces to Build Solar Energy Factory in Saudi Arabia
Riyadh, Saudi Arabia – October 23, 2024 – Antaisolar, a global leader in renewable energy solutions specializing in structure and automation control, has taken a significant step towards expanding its presence in the Middle East by forming a joint venture (JV) with Bahra Electric. This collaboration will lead to the establishment of a state-of-the-art solar energy factory in Jeddah, Saudi Arabia.
Bahra Electric, a prominent industrial group with a strong foothold in the MENA region, will provide the necessary infrastructure and expertise for the venture. Their existing facilities in Bahra Industrial City, spanning 500,000 square meters, offer ample space for the factory and warehouse. This strategic partnership leverages both companies’ strengths, bringing together Antaisolar’s innovative solar technology with Bahra Electric’s local market knowledge and resources.
The JV is poised for rapid growth, aiming to achieve an impressive production capacity of 8GW/Annum by 2025, 15GW/Annum by 2026, and a staggering 24GW/Annum by 2027. This ambitious expansion strategy positions the JV as a key player in the region’s burgeoning solar energy market.
Beyond simply manufacturing solar panels, the JV focuses on providing comprehensive solutions for utility-scale projects. This includes addressing key challenges such as detailed design finalization, lead time management, logistics optimization, project execution, and ensuring maximum uptime. By collaborating closely with Independent Power Producers (IPPs) and Engineering, Procurement, and Construction (EPC) companies, the JV aims to deliver efficient and reliable solar energy solutions.
“Our JV with Bahra in the Saudi Arabia Solar market epitomizes the power of collaboration between local professional production and global innovation,” stated Gabriel Wong, Vice President of Antaisolar. “By partnering with a strong and very influential local firm deeply rooted in Saudi Arabia, we will be able to tap into a wealth of invaluable insights, resources, and relationships that prove instrumental in the successful execution of our projects.”
Antaisolar, renowned for its digital intelligent PV mounting system solutions, is a leading name in the global renewable energy landscape. The company holds a top-ten position in the world’s tracking system market. This latest JV demonstrates Antaisolar’s commitment to contributing to the global energy transformation and promoting sustainable development.
This collaboration marks a significant milestone for the Saudi Arabian solar energy sector, showcasing the country’s commitment to embracing renewable energy sources. The new factory is expected to create numerous job opportunities and contribute to the economic growth of the region.
About Antaisolar:
Antaisolar is a global leader in renewable energy solutions, specializing in digital intelligent PV mounting systems and automation control. With a commitment to innovation, Antaisolar is a pioneer in the field, offering a comprehensive range of products and services that empower solar energy adoption worldwide.
For more information, please visit: https://www.antaisolar.com/
Contact us: sales@antaisolar.com
