Kuwait Investment Authority subsidiary EnerTech partners with US solar company

Kuwait’s EnerTech links up on Energy America on solar power: EnerTech Holding Company, a subsidiary of the Kuwait Investment Authority, has inked an agreement with solar module manufacturer Energy America to design, develop, and finance solar projects worldwide, Arabian Gulf Business Insight reports. The financial details of the agreement or an operational launch for EnerTech’s projects with Energy America were not provided.

Who is EnerTech? EnerTech is a Kuwaiti renewables developer and operator of power generation, water and waste treatment plants. The company’s existing portfolio has over 600 MW of clean energy under development across South Asia, Africa, and the GCC. The company also acts as an investor, funding emerging technologies and startups in the clean tech sector.

Kuwait is playing catch up: Kuwait is committed to sourcing 15% (or 14 GW) of its power from renewables by 2030, but currently only sources 70 MW of its energy from renewables, ABGI reports. One of its key renewable projects, Al Shagaya, was launched as a wind and solar project but has now been designated as a 4 GW solar plant replacing some eight oil and gas-fired power stations powering Kuwait City.