In line with its mission to pioneer the energy transition industry, Alfanar has signed a memorandum of understanding (MoU) with the General Authority of the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA), aiming to develop a green […]
Saudi Arabia’s Alfanar Buys Wind Turbine Maker Senvion India
Some of the large wind power portfolio in India are owned by Goldman Sachs-backed ReNew Power Ventures Pvt. Ltd, GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko Energy Holdings, among others. Riyadh-based Alfanar has 480 MW operational wind power projects and 1.67 GW under various stages of development in Europe, India […]
Alfanar Successfully Completes 100% Acquisition of Wind Turbine OEM Senvion India
Alfanar has today announced its entry into Indian energy sector through 100% acquisition of wind turbine OEM Senvion India from Senvion GmbH. This is a unique and transformational deal for Alfanar which will strengthen its competitive position in India to grow its multi-dimensional end-to-end competitive solutions in the field of renewable energy and grid transmission […]
Saudi Firm Alfanar Acquires Wind Turbine Maker Senvion India
Saudi Arabia-based Alfanar has completed 100 per cent acquisition of wind turbine maker Senvion India for an undisclosed sum. New Delhi : Saudi Arabia-based Alfanar has completed 100 per cent acquisition of wind turbine maker Senvion India for an undisclosed sum. “Alfanar has today announced its entry into Indian energy sector through 100 per cent […]
Saudi firm Alfanar acquires wind turbine manufacturer Senvion India
With this 100 per cent acquisition, the Saudi firm has entered into India’s energy sector New Delhi : Alfanar, a Saudi Arabia-based manufacturer and trader of power equipment, on Thursday said it has acquired wind turbine manufacturer Senvion India from Senvion GmbH. With this 100 per cent acquisition, the Saudi firm has entered into India’s […]
WEC24: Alfanar aims to provide 4-5 GW of Clean Energy by 2025, Says Khalid Al Solami
Khalid Al Solami is the Vice President-Sales & Marketing of Alfanar, one of the prominent exhibitors in WEC24. alfanar is primarily engaged in manufacturing electrical construction products, EPC solutions for conventional and renewable power plants, allied engineering services and design engineering. It has built up an international presence throughout much of the Middle East, Asia, […]
EIB set to finance biggest wind power infrastructure projects in Spain
These new facilities will have a total capacity of 547 MW and will generate approximately 1.491 GWh of energy a year overall, a volume equivalent to the power use of 360 000 Spanish homes. · The EU bank will provide up to EUR 385m to Alfanar, successful bidder in Spain’s third renewable energy auction. · […]
Alfanar & Taqnia signed MoU for alternative energy projects
Alfanar and Taqnia Energy have recently signed a memorandum of understanding to develop alternative energy and the localization of energy products. The signing is a testimony to the commitment of both Alfanar and Taqniya to reducing dependence on non-renewable energy and to shift to developing green energy projects in line with Saudi Vision 2030, the […]
APICORP Inks USD 75m Murabaha Term Facility with Saudi Based Company Alfanar
Riyadh, Saudi Arabia, May 8, 2019: The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, has signed a strategic five year Murabaha financing facility worth USD 75 million with Alfanar Company (“Alfanar”), one of the leading developers and EPC for clean energy and manufacturer of electrical products, in support of Alfanar’s renewables energy projects, […]