Brief: Abunayyan Holding And Nextracker Enter Into Agreement To Form JV To Accelerate Energy Transition

Nextpower

24/10/2025 06:34

Oct 24 (Reuters) - ABUNAYYAN HOLDING:

ABUNAYYAN HOLDING AND NEXTRACKER ENTER INTO AGREEMENT TO FORM JV TO ACCELERATE ENERGY TRANSITION

NEXTRACKER ARABIA WILL MANUFACTURE, SUPPLY ADVANCED SOLAR TRACKING SYSTEMS AND TECH TO UTILITY-SCALE PROJECTS

NEXTRACKER ARABIA ANTICIPATES LAUNCHING BUSINESS DURING Q1 OF 2026

TURKI AL-AMRI, ABUNAYYAN HOLDING’S CEO, IS EXPECTED TO SERVE AS BOTH CHAIRMAN AND CEO FOR NEW JOINT VENTURE

RAJEEV KASHYAP IS EXPECTED TO SERVE AS CHIEF OPERATING OFFICER FOR NEXTRACKER ARABIA

JOINT VENTURE INCLUDES SALES, ENGINEERING, AND OPERATIONS, AND WILL ASSUME OWNERSHIP OF NEXTRACKER’S EXISTING MANUFACTURING FACILITY IN THE KINGDOM

 ((Reuters.Briefs@thomsonreuters.com;))