NEXTracker and Abunayyan Holding Form Joint Venture to Accelerate Solar Adoption in Saudi Arabia

Reuters
2025.10.23 20:06
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NEXTracker Inc. and Abunayyan Holding have established a joint venture named Nextracker Arabia to enhance solar energy adoption in Saudi Arabia and the MENA region. This venture will manage NEXTracker’s manufacturing facility in the Kingdom, focusing on advanced solar trackers for utility-scale and distributed projects. Nextracker Arabia is set to launch in Q1 2026, leveraging Abunayyan’s regional expertise and NEXTracker’s global leadership to support Saudi Arabia’s clean energy initiatives and Vision 2030.