Positive Zero and Al Tamimi Energy Company announced the signing of a strategic partnership agreement to develop and implement solar energy projects throughout the Kingdom of Saudi Arabia.

This partnership aims to accelerate the growth of the clean energy market in Saudi Arabia, benefit from the expertise of the two companies in the field of solar energy, and develop and implement solar energy solutions for commercial and industrial facilities, in addition to financing solar energy projects.

Siraj Power (Positive Zero's solar energy arm) will cooperate with Enerco (a subsidiary of Al Tamimi Energy) to develop solar energy projects, and the capabilities of the two companies will be mobilized to implement the projects, including human resources, equipment and technology.

This partnership comes in the wake of Positive Zero's $400 million investment from BlackRock. The agreement will enhance Positive Zero's growth and innovations in the field of solar energy. This agreement will also contribute to achieving the Kingdom's goals for energy transformation and economic diversification.

The importance of the Kingdom of Saudi Arabia comes because it is one of the top 10 countries in the world in terms of solar energy production potential, and it has also approved new legislation to facilitate the construction of decentralized solar energy plants.

These companies have important achievements in the Gulf market. Siraj Power owns the largest portfolio in the region for decentralized solar energy, with a capacity of more than 200 megawatts, and “Taqa Solutions” has achieved energy savings of more than 100,000 megawatts per hour, while “Hyper Energy” leads the clean energy delivery sector in the region through… Battery technology.

Therefore, the partnership agreement between “Positive Zero” and “Al Tamimi Energy” is an important step towards enhancing the growth of the solar energy market in Saudi Arabia. The agreement enhances the capabilities of the two companies and contributes to the development of innovative solutions for solar energy. It also indicates the interest of the two companies in investing in the field of solar energy in Saudi Arabia. .