Abunayyan Holding and Nextracker Launch JV to Advance Solar Manufacturing in Saudi Arabia – EQ
In Short : Abunayyan Holding and U.S.-based Nextracker have formed a joint venture, Nextracker Arabia, in Riyadh to boost solar manufacturing and deployment in Saudi Arabia and the MENA region. The JV will focus on advanced solar trackers, taking over Nextracker’s local facility, and aims to support Saudi Vision 2030 by enhancing the solar supply chain, creating jobs, and accelerating the region’s clean energy transition.
In Detail : Abunayyan Holding and Nextracker have announced the formation of a joint venture named Nextracker Arabia, headquartered in Riyadh, Saudi Arabia. The partnership aims to strengthen solar manufacturing and deployment across the Kingdom and the wider MENA region. This initiative aligns with Saudi Arabia’s Vision 2030, which targets 130 GW of renewable energy capacity by 2030, supporting the nation’s energy transition goals.
Nextracker Arabia will focus on producing advanced solar tracking systems and related technologies for utility-scale solar projects. The joint venture will assume ownership of Nextracker’s existing manufacturing facility in Saudi Arabia, enhancing local production capabilities. Operations are expected to commence in the first quarter of 2026, pending regulatory approvals and project readiness, marking a significant step in localizing solar technology.
Abunayyan Holding brings over 75 years of experience in water and energy infrastructure in Saudi Arabia and the MENA region. Nextracker, a U.S.-based leader in solar tracker technologies, contributes expertise in advanced trackers, yield management, and project execution. Together, the companies aim to accelerate the adoption of renewable energy and promote self-reliance in solar manufacturing across the region.
The establishment of Nextracker Arabia is expected to strengthen the local solar supply chain and enhance Saudi Arabia’s capability to deliver high-performance solar solutions. By producing critical components locally, the joint venture will reduce dependency on imports, support industrial growth, and reinforce the Kingdom’s commitment to renewable energy and sustainable development objectives.
Nextracker has a strong track record in the MENA region, delivering over 6 GW of solar projects, including the 405 MW Sakaka Solar Park and the 1.17 GW Al Kahfah project. The new joint venture aims to build on this success, expanding production capacity and meeting the growing demand for solar trackers in Saudi Arabia and neighboring countries.
The formation of Nextracker Arabia reflects the increasing interest in solar manufacturing within Saudi Arabia. Other global companies, such as TrinaTracker and PV Hardware, have also established local facilities to meet rising demand. This trend demonstrates the Kingdom’s commitment to developing a robust renewable energy ecosystem and supporting industrial diversification.
The joint venture is expected to create jobs, transfer technology, and develop local expertise in solar manufacturing and project execution. By training local engineers and technicians, Nextracker Arabia will contribute to workforce development and strengthen the country’s technical capabilities in the renewable energy sector, supporting long-term sustainability goals.
Through this collaboration, Abunayyan Holding and Nextracker aim to enhance the Kingdom’s solar infrastructure while advancing Vision 2030 objectives. The venture will enable more efficient deployment of utility-scale solar projects, reduce carbon emissions, and foster a competitive renewable energy market. It represents a significant step in integrating global expertise with local industry needs.
Overall, the formation of Nextracker Arabia marks a strategic milestone in Saudi Arabia’s solar manufacturing landscape. The joint venture is set to drive the adoption of advanced solar technologies, create economic opportunities, and support the Kingdom’s clean energy transition. By strengthening local capabilities, it contributes to a sustainable and resilient renewable energy future for the region.
