Green Sources Investment. Partners Up With Alternative Energy Projects Co. 03 APRIL 2023
Amman, Jordan – In a move to support the commercial and industrial sectors in the Hashemite Kingdom of Jordan, Alternative Energy Projects Company Jordan (AEPCo Jordan) – part of Kuwait’s KIPCO Group – has partnered with Jordan - based development, contracting, and investment company Green Sources Investments (GSI) to create a new joint partnership called Green Sources Investment for Alternative Energy Projects (GSIAEP).
According to Engineer Maher Farraj, CEO of GSI, said that this partnership with AEPCo will expand their reach further into Jordan's solar market while building on their strong track record in solar project development, finance, execution, and asset management.
Dr. Hassan Qasem, CEO of AEPCo, the aim of the partnership is to become a platform for commercial and industrial solar projects in Jordan. The country has one of the most mature solar markets in the Middle East and North Africa (MENA) region, and the focus is now on reducing operational expenses and carbon footprints, as well as increasing competitiveness.
AEPCo has been developing renewable energy projects since 2016 and has a track record of around 630 MW in the MENA region. The company is fully owned by KIPCO Group, which operates across the Middle East and North African region in countries such as Kuwait, Jordan, Saudi Arabia and Oman. AEPCo's subsidiary provides consultative services on energy conservation, offering innovative solutions to customers.
GSI, on the other hand, was established in 2009 as a specialized EPC, contracting and development company on renewable energy Photovoltaic Solar. The company provides fully-integrated solutions for successful implementation of solar PV projects, with an excellent track record for customer satisfaction.
Both companies are committed to building a solid platform for solar projects in Jordan, and their partnership is expected to help boost the country's push for renewable energy and a greener economy.