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 13066 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
Let It Glow
Filorga Launches FLASH-NUDE Collection
Let All Your Photos Be Merry & Bright
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
HP ProBook x360 11 G3 and G4 Education Edition
Chrono 4 Grande Taille - an extra-special timepiece
30 Years of Ryder Cup Heroes Confirmed for the 30th Edition of the Omega Dubai ...
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Maintain Healthy Skin Year Round
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
American Eagle Is the Go-to Destination for Gifting This Holiday Season'
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Newby Teas Launches Advent Calendar For Christmas 2018
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
The Interiors Gift Guide with Home and Soul
Tissot Chemin des Tourelles
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market
Growth and inclusivity drive Avaya's channel strategy for 2019
Time For Enchanting Moments
Holiday Handbags | GUESS
Get Ready for Party Season with Lottie's new make-up hits
Festive Gift Sets from Bubble T
Interview with Asil Attar, CEO of Al Yasra Fashion
BharatMatrimony launches office in Dubai targeting 2 Million Indians
Holiday Gifting Made Easy with Wet n Wild Beauty Specials
Winter wool Christmas must- haves
Tissot PR100 Lady Sport – Chic Glamourous Festive Season
Michael Kors Collection Transeason 2019 Press Presentation
France Attractiveness Scoreboard 2018 Released
Five-Star Euro NCAP for Jaguar's Electric I-PACE
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
Ring in a dazzling festive season at Ibn Battuta Mall
New 1948 Seamaster Watches Join the Ranks'
UOWD's quality management expert wins ASQ-UAE Quality Professionals Award
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Samsung Galaxy A9 – Designed to capture the world in its fullest
Chinese Manufacturing Companies to Highlight Trade Opportunities in Middle East
Tissot PR100 Lady Sport – Chic Sporty yet Feminine
Dubai Customs wins 3 awards from Ideas UK 2018
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
FBMA and 47 Emirati women celebrate UAE National Day
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Jury Announced for Epson's First Ever Win-A-Robot Competition in Europe, The Mid...
Al Hosn Now Open to the Public
Raja Al Gurg is one of Forbes Magazine's 100 most powerful women in the world
Voting on UAE Superbrands 2019 Begins
ICAEW recognises Middle East's best finance professionals
National Hospital offering special UAE National Day Health Package for AED 47th
BMW Group sales increase in October