Kanoo Industrial and Energy Partners with CleanMax to provide Sustainable Solar Solutions in the Kingdom of Saudi Arabia – EQ Mag Pro
Dammam, Kingdom of Saudi Arabia: Kanoo Industrial and Energy, the leading provider of services to the industrial sector in the Kingdom of Saudi Arabia (KSA) and GCC region, has announced its partnership with CleanMax, the leading renewable energy company in Asia, to provide sustainable solar solutions to customers within the Kingdom.
These solutions aim to encourage commercial and industrial businesses to rely on clean energy sources, reducing carbon emissions and supporting environmental sustainability which align with national directives and global trends.
The introduction of Kanoo-CleanMax solutions for sustainable energy, is part of Kanoo Industrial and Energy’s efforts to encourage the adoption of solar energy throughout the Kingdom at affordable prices. These solutions have a product lifetime of 25 years and will help reduce electric bills, with costs of solar energy investment being gradually recovered over a period of four to six years. Customers will be able to save by reducing grid power consumption during peak hours and contribute to lower greenhouse gas emissions.
Kanoo – CleanMax advanced solutions consist of solar grid-related systems, which customers can obtain with or without the feature of exporting surplus energy to a Saudi electricity service provider. They also include hybrid solar systems synchronized to the customer’s captive power plants, providing maximum power during the day and regulating high-efficiency energy supply. All available systems are reliable, easy to maintain and noise-free.
Commenting on the occasion, Mr. Ali Abdulla Kanoo, President of Kanoo Industrial and Energy, said: “We are pleased to collaborate with CleanMax to provide our Saudi Arabian commercial and industrial customers with innovative solar energy solutions. We take pride in our extensive experience, which spans across two decades, in providing energy services to the Saudi Electricity Company (SEC), government institutions and private companies. We recognize the importance of solar energy growth and expansion through our collaboration with Asia’s most prominent commercial and industrial renewable energy provider. We look forward to contributing and supporting the Kingdom’s aspirations to achieve net zero by 2060, under the leadership of the Crown Prince Mohammed bin Salman. “
Mr. Ahmed Fawzi Kanoo, Vice President of Kanoo Industrial and Energy, said: “The YBA Kanoo Group has always been dedicated to contributing towards the economic aspirations and objectives of GCC countries. As part of our commitment to our belief in corporate environmental responsibility and sustainability, we are pleased to be collaborating with CleanMax, a leading renewable energy player, to offer customers sustainable solar energy solutions across the Kingdom. This collaboration also supports the Kingdom’s vision of reducing carbon emissions and supports its shift towards clean energy sources, particularly within the industrial sector.”
Mr. Sushant Arora, Co-founder and CEO (MENA) at CleanMax said, “We are excited to partner with Kanoo Group to bring solar solutions to leading companies in the Saudi Arabia. This partnership will leverage CleanMax’ strengths of building, operating and financing high-performance renewable energy assets and Kanoo’s considerable presence in the Kingdom. I’m confident that together we will be the sustainability partners of choice for commercial and industrial customers in KSA.”
Kanoo Industrial and Energy is approved by the Ministry of Energy as a solar contractor and holds the “SEC certified Solar Designers and Installers” accreditation for carrying out on-site solar installations. These systems can be installed on customers’ rooftops or on unused land, and generate power for use at the premises.
Kanoo Industrial and Energy and CleanMax have entered a Memorandum of Understanding with the intent of establishing joint venture companies in KSA and the Kingdom of Bahrain. The JV will provide customers with on-site solar solutions on a build own operate (BOO) basis, thereby requiring zero upfront investment for the customer, while providing them with green electricity at a competitive cost.
Kanoo Industrial and Energy is a division of the Yusuf bin Ahmed Kanoo Group – one of the largest family-owned, independent companies in the Middle East. The company operates in accordance with the national objectives and visions of the GCC, thereby promoting economic growth and prosperity in key industrial sectors.
