NextPower and Abunayyan Holding Launch Nextpower Arabia Joint Venture
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Nextpower Inc. and Abunayyan Holding have launched a joint venture named Nextpower Arabia, based in Riyadh, Saudi Arabia. The venture aims to enhance the deployment of utility-scale solar power in the MENA region, with an investment of approximately $88 million over two years to establish a manufacturing facility in Jeddah, expected to open in Q2 2026. The facility will have a capacity of up to 12 GW per year and is projected to create around 2,000 jobs.
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