US solar technology firm Nextpower Inc (NASDAQ:NXT) and Saudi water and power group Abunayyan Holding said they have incorporated their joint venture (JV), <a href="https://renewablesnow.com/news/nextracker-abunayyan-holding-to-set-up-saudi-solar-tech-jv-1283924/" target="_blank">Nextpower Arabia</a>, and will build a solar equipment factory in Saudi Arabia to serve the Middle East and North Africa (MENA).