{"id":78763,"date":"2023-08-02T01:00:53","date_gmt":"2023-08-02T01:00:53","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/08\/02\/ksas-ajlan-bros-form-a-jv-with-israels-solaredge-to-expand-saudi-solar\/"},"modified":"2023-08-02T01:00:53","modified_gmt":"2023-08-02T01:00:53","slug":"ksas-ajlan-bros-form-a-jv-with-israels-solaredge-to-expand-saudi-solar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/08\/02\/ksas-ajlan-bros-form-a-jv-with-israels-solaredge-to-expand-saudi-solar\/","title":{"rendered":"KSA\u2019s Ajlan &#038; Bros. form a JV with Israel\u2019s SolarEdge to expand Saudi solar"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>A Saudi-Israeli renewable energy joint venture is here: <\/strong>Saudi\u2019s <a href=\"https:\/\/ajlanbros-holding.com\/company\/1-Ajlan-Bros-Company\">Ajlan & Bros Holding<\/a> (ABH) has formed a JV with Israeli renewable energy solutions provider <a href=\"https:\/\/www.solaredge.com\/en\">SolarEdge<\/a> to deploy smart renewable energy solutions in the kingdom, according to a <a href=\"https:\/\/corporate.solaredge.com\/en\/this-is-solaredge\/news-and-media\/press-releases\/solaredge-joint-venture-with-ajlan-and-bros-holding\">statement<\/a>. The JV will offer Saudi companies a range of solutions from SolarEdge\u2019s portfolio including energy generation, storage, and management. No financial details have been disclosed, but ABH will be a majority shareholder, the statement notes.<\/p>\n<p><strong>In the works for a while? <\/strong>Back in 2022, <a href=\"https:\/\/www.timesofisrael.com\/israeli-american-energy-tech-firm-solaredge-inks-investment-deal-with-saudi-group\/\">Times of Israel<\/a> reported that SolarEdge signed an agreement with ABH to explore investments in renewables. News of the JV comes a day after Israeli Foreign Minister Eli Cohen discussed increasing Israeli ties in MENA with US Special Envoy Dan Shapiro, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-31\/israeli-solar-firm-agrees-to-work-with-saudi-firm-in-rare-pact\">Bloomberg<\/a>.<\/p>\n<p><strong>About SolarEdge: <\/strong>Founded in 2006, SolarEdge provides intelligent inverter solutions for the photovoltaic industry. The company offers a range of products and services for residential, commercial, and utility-scale solar PV installations including power optimizers, inverters, storage solutions, and a cloud-based monitoring platform. The company has invested heavily in Europe, and also has investments in Australia and the US.<\/p>\n<p><strong>About ABH: <\/strong>Founded in 1979 in Riyadh, Ajlan & Bros Holding is a diversified conglomerate in the MENA region with interests in a wide range of industries including energy, real estate, manufacturing, and retail. ABH has investments across 25 countries with a focus on sustainability projects, especially in Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Saudi-Israeli renewable energy joint venture is here: Saudi\u2019s Ajlan &#038; Bros Holding (ABH) has formed a JV with Israeli renewable energy solutions provider SolarEdge to deploy smart renewable energy solutions in the kingdom, according to a statement. The JV will offer Saudi companies a range of solutions from SolarEdge\u2019s portfolio including energy generation, storage, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78764,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,88,159,94,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-renewables","tag-saudi-arabia","tag-solar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"5e6d7fb0-95e5-46d1-bfdd-eab71188ab01","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/8\/262.jpg","photo_position":"above","related_issue":[78756],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>KSA\u2019s Ajlan &amp; Bros. form a JV with Israel\u2019s SolarEdge to expand Saudi solar - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/08\/02\/ksas-ajlan-bros-form-a-jv-with-israels-solaredge-to-expand-saudi-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s Ajlan &amp; Bros. form a JV with Israel\u2019s SolarEdge to expand Saudi solar\" \/>\n<meta property=\"og:description\" content=\"A Saudi-Israeli renewable energy joint venture is here: Saudi\u2019s Ajlan &amp; Bros Holding (ABH) has formed a JV with Israeli renewable energy solutions provider SolarEdge to deploy smart renewable energy solutions in the kingdom, according to a statement. 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