Joint Venture Tek Solar & Carlo Gavazzi
Tek Solar (under Teatek Group) and Carlo Gavazzi Arabia Co Ltd (under Bonatti Group) have reached a mutual agreement for the construction of photovoltaic plants in Saudi Arabia, with the aim of having a bold impact in developing and growing our business opportunities in KSA and face significant challenges with potential increase in renewable energy.
Specifically, Teksolar makes its commercial brand available to the joint venture with the role of constructor of the mechanical part of the plants, while Carlo Gavazzi Arabia, with a presence of 40 years in Saudi Arabia, completes the offer of the plants with the electrical part and HV substations.
It is an agreement between important Italian companies – reads a press release – which want to be increasingly competitive in one of the most important markets in the world in the field of renewable energy.
In fact, the Teksolar – Carlo Gavazzi Arabia joint venture aims to offer the quality already consolidated by Teksolar in the contracts underway in Oman, Egypt, Jordan and in the Emirates themselves, throughout Saudi Arabia, a territory undergoing strong development in the renewable sector. “, explain the CEO of Teatek Felice Granisso and the CEO of Carlo Gavazzi Arabia Maurizio Bertazzo.