GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share

Abu Dhabi, UAE; November 29, 2017 – Enviromena Power Systems (Enviromena), a portfolio company of Masdar, Abu Dhabi Future Energy Company, has been successfully acquired by Arjun Infrastructure Partners (AIP).

AIP is a UK-based independent infrastructure investment advisory company. It partners with institutional investors, mainly pension plans, to access direct infrastructure investments.

UAE-based Enviromena develops, deploys and operates clean energy solutions throughout the MENA region. With a project footprint spanning nine countries, the company has installed more than 17,000 solar systems, representing the largest portfolio of solar rooftops in the region. The company has over 175MW worth of projects in operation and a further 500MW under construction.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “A key part of our mandate at Masdar is to help catalyse the Abu Dhabi renewable energy sector. This successful acquisition by leading international investors supports the realisation of our overall strategy. We look forward to our continued collaboration with Environmena on renewable projects throughout the region.”

Sami Khoreibi, Chief Executive Officer of Enviromena, said: “We would like to thank Masdar for its support as an industry leader and shareholder. Enviromena was founded ten years ago, and today's announcement is a significant milestone in the continued evolution of the regional sector.”

“The strategic support and access to capital that AIP brings to the table enhances Enviromena's position as a service provider and gives us the exciting opportunity to participate as a project stakeholder moving forward,” Khoreibi added.

Surinder Toor, Founding Partner of AIP, said: 'We are very excited to complete this transaction and become part of the incredible story of clean energy in the Middle East & North Africa. We are firm believers in the solar opportunity presented in the region, and see Enviromena as the ideal platform to facilitate our strategy to deploy capital into renewable assets.”



Posted by : GoDubai Editorial Team
Viewed 6338 times
Posted on : Wednesday, November 29, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Drake and Scull International reaffirms commitment to support country's development process during c...
Next Story : Caparol Paints showcases the new unique External Thermal Insulation Composite System at The Big 5 20...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Michael Kors Presents Spring 2018 Jewelry
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6...
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part o...
Sports Bras Banishing Bounce by 83% arrive in store
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio
New Year, New Skin with the Labo Transdermic Anti-Aging Range
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capa...
We Sheet You Not! Foreo Announces End of Face Mask Epidemic
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the i...
Qabala joins Air Arabia's Azerbaijan network
Golden Bridge Rectangle Diamonds designed to dazzle
Michael Kors Presents Spring 2018 Watches
Bubble Clown by Matt Barnes
DS Podium Chronograph Lap Timer – Racing Edition
New Year, New Skincare!
Coach presents the Grand Stainless Steel Bracelet Watch Collection
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4
AIGNER Love
OMEGA and Pyeongchang 2018
Celebrate love with Rado
Corum Bubble Art For Those Who Appreciate A Work Of Art
Shimmering Gilda takes on a silvery sheen
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Marine Torpilleur Military made for men who chart their own destiny
New Year – New Savings now with Al-Futtaim Honda
Joyalukkas grows presence in Singapore with new showroom on Serangoon Road
Samsung Delivers Vision for Open and Intelligent IoT Experiences to Simplify Eve...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
Scuderia Ferrari presents the latest RedRev Watch Collection
Dubai Culture Organises ‘Carnival of Ideas'
EUROSTAR presents seven global tech majors at CABSAT 2018
Nissan and NASA extend research into autonomous mobility services
Spring/Summer 18' Beauty Picks from Missha Cosmetics
World Future Energy Summit's inaugural Mobility Conference to discuss future of ...
Nissan reaffirms importance of electrification at World Future Energy Summit
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
Dubai Tour team line-up announced: 16 teams of seven riders at the start
Mashreq Bank offering credit cards for every passion
Abu Dhabi Quality and Conformity Council Completes Verification of Fuel Meters a...
Renault-Nissan-Mitsubishi Launches a Venture Capital Fund to Invest Up to $1 Bil...
Panasonic Jaguar Racing Set Their Sights on Marrakesh E-Prix
HP Fuels the Future of Computing at CES 2018
Dubai Health Forum announces key speakers.
Dubai Customs receives Azerbaikjani outgoing Consul General
ZAKK Air specialised headset for athletes launched in UAE
LG's Award-winning 4k Uhd Projector to Debut at CES 2018
UAE Rejoice: PAN Emirates to not charge VAT to customers in 2018