Ajlan & Bros Holding and SolarEdge Technologies form Joint Venture to Accelerate Solar Adoption in the Kingdom of Saudi Arabia
The JV is being formed to support the deployment of smart renewable energy solutions in
Zvi Lando, SolarEdge Chief Executive Officer said: “We are honored to partner with Ajlan & Bros Holding and to support Saudi Arabia’s journey towards ‘Vision 2030’. SolarEdge is committed to driving the clean energy transition on a global scale, exemplified by this JV which will provide local enterprises in
The JV will be jointly managed by a talented team of experienced professionals from both companies, with ABH as the majority shareholder.
About Ajlan & Bros Holding
Ajlan & Bros Holding is one of the largest private sector conglomerates in the
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. Visit us at: solaredge.com
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Investor Contact
JB Lowe, Head of Investor Relations
investors@solaredge.com
Press Contact
Lily Salkin, Global Public and Media Relations Manager
Lily.salkin@solaredge.com
Dana Noyman, Head of Corporate Communications and Global PR
dana.noyman@solaredge.com
Source: SolarEdge Technologies, Inc.