The newly formed Nextpower Arabia joint venture, based in Riyadh, is positioning itself as a key player in the energy transformation of the Middle East and North Africa. The result of a collaboration between U.S.-based Nextpower (formerly Nextracker) and Saudi Arabia’s Abunayyan Holding, the new firm seeks to advance solar plant projects and solar power and utility-scale solar power projects throughout the region.
New solar plant in Jeddah: 12 GW of annual capacity
The construction of an advanced manufacturing plant in Jeddah marks the first major operational step for the joint venture. With an estimated annual capacity of up to 12 gigawatts of solar tracking components, the factory is expected to begin operations in the second quarter of 2026.
The 42,000-square-meter complex will integrate tracking technology, performance management and control solutions for large-scale solar photovoltaic large-scale solar photovoltaic projects.
Job creation and strengthening of the supply chain
With projections of up to 2,000 direct and indirect jobs, the plant is part of an industrial strategy that prioritizes the localization of the supply chain in Saudi Arabia. The project is aligned with the pillars of the Kingdom’s Vision 2030: economic diversification, development of national talent and regional leadership in renewable energy.
Nextpower Arabia will provide solutions for key initiatives in the region, such as the Sakaka solar park and the Al Kahfah, Tabarjal and Sudair projects in Saudi Arabia, in addition to other developments in the United Arab Emirates and North Africa. With more than 150 GW of solar trackers installed in more than 45 countries, Nextpower brings global expertise, while Abunayyan contributes its regional market knowledge and strategic network.
Joint financing for high-impact infrastructure
Both companies will commit approximately US$88 million in equity and blended finance to build the plant and develop advanced technological capabilities. This investment reinforces the commitment of both parties to an efficient, sustainable energy transition aligned with regional climate goals.
According to MESIA estimates, solar capacity in the MENA region will exceed 180 GW by 2030. Nextpower Arabia is positioned as a catalyst for this trend, facilitating local infrastructure and reducing installation costs for large-scale projects.
The combination of international technology and local development makes Nextpower Arabia a pillar of the Middle East’s energy future.
Source: Nextpower
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