To maintain its market dynamic and achieve its ambitions to become a regional green leader, the company began to provide new technologies such as solar hybrid systems with battery storage for distributed generation. Furthermore, the company started offering Operations and Management services to other solar plant owners beyond its own portfolio.
SirajPower’s performance in 2020 was also marked by the financial transaction signed with Apicorp, which established the GCC’s largest lease-funding platform for distributed solar energy, as well as the first non-recourse finance deal for the commercial and industrial market. The US$50 million portfolio debt financing will help to expand SirajPower’s offering to businesses regionally. To close this deal, the company was supported by Creek Capital, a Dubai-based climate impact investor that counts SirajPower as one of its portfolio companies.
Despite being a five-year-old company, SirajPower was able to build a solid reputation in implementing practical, cost-effective, and sustainable solar rooftop and carport solutions.
For more news and technical articles from the global renewable industry read our latest issue of Energy Global magazine.
Energy Global’s Winter 2020 issue
The Winter issue of Energy Global provides a range of technical articles covering technological advancements and future outlooks in the renewables sector, from companies including CorPower Ocean, Rystad Energy, Black & Veatch, Voltalia, FUERGY, and more.
