Alfanar Group to expand UK operation through $1.25 B investment into renewables

Saudi Arabia: Saudi Arabia’s Alfanar Group has announced that it will set up a renewable energy office in the UK, through its subsidiary ‘Alfanar Energy UK Ltd.’

The office will oversee Alfanar’s investments in the UK, including a $1.25 B (£1 B) investment into six waste-to-energy projects. The waste-to-energy projects will contribute to the UK Government’s recent commitment to “net zero” greenhouse gas emissions by 2050.

Speaking about the investment, Jamal Wadi, CEO of Alfanar Global Development said: “Our investment into the UK underlines our commitment to the renewable energy sector. We see clear benefits in partnering with UK-based suppliers, contractors, and engineering firms.

Source: ESI-Africa