Solar PV developer Conergy expands MENA presence
Conergy, one of the largest solar photovoltaic (PV) developers globally, is quickly expanding its presence in the Middle East and North Africa regions, the company has announced
Conergy, one of the largest solar photovoltaic (PV) developers globally, is quickly expanding its presence in the Middle East and North Africa regions, the company has announced.
Conergy’s plans include increasing the number of employees in the region, expanding its’ offerings to larger-scale rooftop PV projects, and building local partnerships.
With high insolation levels and new renewable energy policy targets and investment interest, the Middle East and North Africa regions are poised for rapid solar growth with projections to reach a total of 15 GW and $50bn in solar investments by 2020.
“We have all the capabilities necessary to make a huge impact in these markets,” said Rasmus Friis, President of EMEAI for Conergy.
“We have had early success with rooftop solar in the region over the past couple of years and are now bringing our world-class knowledge and talent in utility-scale solar development to the table.”
Over the last few years, Conergy has tested the markets with rooftop PV projects in Saudi Arabia and Kuwait. The first was a three-project portfolio, totaling 2.5 MW, in Saudi Arabia on King Abdullah University of Science and Technology (KAUST) and in the King Abdullah Financial District (KAFD) also on the top of the Capital Market Authority Tower (CMA). Conergy also completed several smaller rooftop projects, totaling 1 MW, in Kuwait.
Having won a 50 MWp solar PPA in Egypt, as part of the renewable initiative implemented by New & Renewable Energy Agency (NREA), Conergy plans to expand its operations into North Africa.
The Middle East Solar Industry Association (MESIA) anticipates Egypt to become a multi GW market this year. Furthermore, Conergy will be participating in the upcoming tenders in Senegal, Zambia and Morocco in order to kick-start its’ activities in North Africa.
Conergy will add headcount to its Dubai office with this expansion. The office works most closely with the company’s European hub in Hamburg, Germany.