•  
  •  
  •  

Dubai's Adenium pours USD 10m in solar/diesel systems co Enerwhere

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)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription