Dubai PR Network, Online Press Release from Dubai and Middle East
 
Infrastracture, Construction & Manufacturing(Real Estate & Retail)
Filter PR by
  
Arjun Infrastructure Partners acquires Enviromena Power Systems
 

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 : Dubai PR Network Editorial Team
Viewed 9205 times
PR Category : Real Estate & Retail
Posted on : Wednesday, November 29, 2017  12:11:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Drake and Scull International reaffirms commitment to suppor...
Next Story : Caparol Paints showcases the new unique External Thermal Ins...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Timeless Ties [9778-Views]
COLAB - Dry Shampoo [9333-Views]
ORANGE & BERGAMOT Awaken the Cult Icon New Additions [9034-Views]
The Perfect Gift Mark [7180-Views]
FOREO delivers the ultimate festival survival kit for a glow-on-the-go. [7088-Views]
New XE 300 Sport Edition Wins Gripping Ice Race [6429-Views]
Get Vibrant and lively hair with Rahua's new Color Full Range [6222-Views]
Summertime Beauty Picks at Glambeaute.com [6088-Views]
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+ [6076-Views]
Filorga Mesotherapist Derma Roller [6015-Views]
du to Offer New 9.7-inch iPad With Apple Pencil Support [5508-Views]
Skyline University College Economics Day 2018: One Step towards Tomorrow [5209-Views]
Penny Scallan Design Launches in the Middle East [5142-Views]
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord [5124-Views]
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in April 2018 an... [5118-Views]
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds [5118-Views]
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre [5100-Views]
Pandora Shine Discover A New Way to Shine [4972-Views]
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dubai Creek H... [4770-Views]
MINI at Auto China Beijing 2018 [4673-Views]
The new BMW M2 Competition [4673-Views]
Palladio Beauty - a Professional Line of Botanical & Vitamin-Infused Cosmetics [4618-Views]
Stylish Nursing wear at Mums and Bumps [4544-Views]
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East [4465-Views]
Gifts for Ramadan at Hour Choice [4435-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories