Abunayyan Holding and Nextracker have signed an agreement to form Nextracker Arabia, a new joint venture that will help accelerate solar adoption across the Kingdom and the Middle East and North Africa (MENA) region.
Headquartered in Riyadh, Nextracker Arabia will combine Abunayyan’s 75 years of leadership in water and energy infrastructure in Saudi Arabia and the MENA region with U.S.-based Nextracker’s global market share leadership in solar power plant technologies, advanced solar trackers, and yield management and control systems.
Nextracker Arabia will build on the unique experience and expertise in clean energy and solar innovation these two organizations bring to the new joint venture. This combination will best enable the new entity to advance Saudi Arabia’s clean energy transition while helping achieve the goals of Saudi Vision 2030 to diversify the economy and strengthen local industrial capacity.
Turki Al-Amri, Abunayyan Holding’s chief executive officer, is expected to serve as both chairman of the board and chief executive officer for the new joint venture.
The joint venture includes sales, engineering, and operations, and will assume ownership of Nextracker’s existing manufacturing facility in the Kingdom. This initial plant will play a key role in the production and distribution of Nextracker’s integrated solar power plant technologies for major utility-scale and distributed generation projects in Saudi Arabia and across the MENA region. These technologies will include Nextracker’s advanced solar trackers, mechanical infrastructure, and yield management and control systems.
Strong legacy in Saudi Arabia
Nextracker has a strong legacy of reliable performance in Saudi Arabia, starting with KSA’s first utility-scale installation, the 405-MW Sakaka Solar Park, where the company’s system has demonstrated exemplary reliability. Partnering with developers in the Middle East and Africa, Nextracker has delivered more than 6 GW of solar projects across the region, including more than 3 GW in Saudi Arabia. Landmark projects with Nextracker systems include 1.17-GW of the Al Kahfah project, the 449-MW Tabarjal project, and 904-MW of the Sudair project.