Desert Technologies and Elsewedy Electric to boost Saudi exports in renewables
Desert Technologies + Elsewedy Electric partner on PV exports: KSA-based renewable energy solutions company Desert Technologies has inked an MoU with Elsewedy Electric to boost its exports of renewable energy products to African markets, according to a statement. Desert Technologies also plans to raise its production capacity to 4 GW yearly and increase the share of locally made solar panels for renewable energy projects implemented by Elsewedy in the kingdom.
About Desert Technologies: Desert Technologies is a solar PV and smart infrastructure holding company focused on manufacturing and sustainable investments. The Saudi-based company operates in more than 25 countries, according to the statement.
The company is expanding in the region: The company signed an agreement with Oman's Colossal Engineering and Construction in February to launch solar projects in Oman. It was also among the companies to sign an MoU with Indian companies last month to invest in the region’s renewables sector.