March 5 (SeeNews) - Adenium Energy Capital has signed a USD-10-million (EUR 9.1m) investment deal with Enerwhere that will enable the latter to build 10 MW of its mobile solar-diesel hybrid systems in the Middle East.
The Dubai-based clean energy investor said in a statement on Wednesday it will inject the above-mentioned sum to help the solar power solutions provider increase its rental fleet significantly.
Enerwhere offers the fully transportable solar-diesel hybrid solutions either with a power purchase agreement (PPA) or on a leasing basis. The company, which is also based in Dubai, deploys its systems to provide temporary power to real estate, construction and industrial sites in the Middle East. It says that this technology can help realise substantial fuel savings and a reduction of carbon dioxide (CO2) emissions.
At present, Enerwhere installs its systems at project sites as diverse as temporary accommodation, hotels, construction site offices, concrete batching plants, mines and factories, as well as refugee camps.
(USD 1.0 = EUR 0.905)