Al-Nahla Group Invests in Renewable Energy Sector Through Sahara Technologies Company
Mr. Sultan Al-Turki, Member of the Investment Board of Al-Nahla Group, announced that the group has recently joined the shareholders of the Saudi Desert Technologies Company, which was established eight years ago with a vision to adopt technologies in the production of clean and sustainable solar panels, which today are in line with the Kingdom of Saudi Arabia 2030 vision.
Desert Technologies Company, a closed joint stock company, was one of the earliest Saudi businesses producing solar panels, which concentrated on the full localization of the solar energy sectors and the construction of stations. It is also regarded as one of the original businesses With Saudi components and an international classification (level 1), it produces in its Jeddah factory up to 350K panels per year, where the panels are assembled using automated self-propelled equipment and artificial intelligence, a qualitative leap in the manufacture of solar panels in the Middle East.
To build solar energy projects, the company collaborates with both internal and external parties, including locally with organizations like the Ministry of Energy, the Saudi Electricity Company, Saudi National Bank, Aramco, and others. The company is currently building new solar power plants under the Renewable Energy Program around the Kingdom as well as in more than 25 countries in the Middle East and Africa to create a benefit and a boom in the production of energy and electricity.
The company’s board of directors announced the election of Mr. Sultan Al-Turki as Chairman of the Board of Directors in its new session, asking Allah to grant him success. For his part, Khaled Sharbatly, Managing Partner of Sahara Technologies, said, “Thanks to Allah, we are developing two plants for the Ministry of Energy in Madinah at a rate of 50 megawatts, with a total value of $20 million out of a total joint investment of 90 million in Rafha city at a rate of 20 megawatts.
He continued: “We are building these plants, helping to localize these industries, and developing competencies and capabilities to create an environment that helps the Kingdom realize its vision for the renewable energy sector,”. The Kingdom is in its way to become the world’s largest producer of solar energy, to help reduce dependence on oil revenues, by 2030, when solar energy will have a total production capacity of 200 GW, according to the Renewable Energy Office program of the Ministry of Energy.
