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 9272 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
COLAB - Dry Shampoo
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
The Perfect Gift Mark
Palladio Beauty - a Professional Line of Botanical & Vitamin-Infused Cosmetics
New XE 300 Sport Edition Wins Gripping Ice Race
Filorga Mesotherapist Derma Roller
Get Vibrant and lively hair with Rahua's new Color Full Range
Spring/Summer 18 Collection
OPPO unleashes the new Selfie Expert F7 with a 25 MP AI powered selfie camera
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Pinky Goat Launches BROWME
du to Offer New 9.7-inch iPad With Apple Pencil Support
Skyline University College Economics Day 2018: One Step towards Tomorrow
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Pandora Shine Discover A New Way to Shine
Stylish Nursing wear at Mums and Bumps
Penny Scallan Design Launches in the Middle East
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
The new BMW M2 Competition
Roger Dubuis Excalibur Aventador S Verde Mantis
MINI at Auto China Beijing 2018
Gifts for Ramadan at Hour Choice
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Big Time with Graham Chronofighter Grand Vintage
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
Etihad Aviation Group Launches Four Initiatives To Commemorate The Year Of Zayed
Mido Ramadan Watch Collection
Pandora Spring Embrace Nature's Beauty
The Beautiful Britain 2018
Understanding what women want Balmain reveals the Madrigal Mini II
SUC Organized 10-Day Free IELTS Workshop for School Teachers and Students
Adamavi - Elegant, Timeles S, and Reliable
Genesis G70 Luxury Sedan Arrives in Middle East
Samsung Launches New Washing Machine with Groundbreaking QuickDrive™ Technology ...
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Huawei Brings the Most Coveted Smartphone - HUAWEI P20 Pro to the UAE
Healthy Hair with HASK
A Face Transplant Operation is a Demonstration of Advanced Surgery and High Tech...
April Marks Autism Awareness Month at Nursery Chain
More Reasons to Head to the Ikea Store!
Tommy Fleetwood joins OMEGA's line-up of golfing greats
Mido Multifort Datometer Limited Edition - A piece of history on your wrist
GROHE DESIGN Presents the New ATRIO Experience Cube at Fuorisalone in Milan