ABU DHABI: Petra Solar and Enviromena Power Systems announced on Monday that they have entered into an alliance agreement that enables the two market leaders to join forces to develop solar and smart grid projects in the Middle East and North Africa (MENA).
Combining Petra Solar's innovative smart energy technology with Enviromena's expertise in development of renewable energy projects in MENA will advance the growth of solar and smart grid in the region, said a press release.
The partnership further demonstrates Petra Solar's ongoing commitment to expanding its business internationally, and developing the solar and smart grid market in the Middle East.
"The increasing demand for solar energy and grid reliability provides a tremendous opportunity for Petra Solar throughout the Middle East and the world. Collaborating with Enviromena, the leading developer of solar projects in the Middle East and North Africa, will facilitate the international expansion of our products and business development in the region," said Dr. Shihab Kuran, President and CEO of Petra Solar.
He added that Enviromena has an impressive list of completed projects including the Masdar 10MW Power Plant and has the largest installed capacity of any solar developer in the Middle East and North Africa.
Petra Solar is the pioneer and market leader of distributed Smart Solar, an innovative approach that couples solar with smart grid technology to generate clean, safe renewable energy while making the electric infrastructure more stable, efficient and energy independent.
The robust platform is scalable to future smart grid applications, including energy efficiency, energy conservation and smart microgrids. This approach builds large scale solar in a reliable fashion that avoids future costs of rebuilding the grid, the release added.
"Petra Solar's unique technology greatly expands our portfolio of photovoltaic solutions available to the MENA region," said Sami Khoreibi, CEO of Enviromena.
He added that they have large market here for distributed solar applications, particularly where smart grid initiatives are taking place.