SolarEdge Forms Joint Venture With Ajlan & Bros To Accelerate Solar Adoption
Portfolio Pulse from Akanksha Bakshi
SolarEdge Technologies (NASDAQ:SEDG) has announced a joint venture with Ajlan & Bros Holding (ABH) to facilitate the implementation of smart renewable energy solutions in Saudi Arabia. The JV will provide solutions from SolarEdge's range of technologies for energy generation, storage, and management, site modeling, and energy transition consulting to firms in the country. The financial terms were not disclosed.
July 31, 2023 | 1:16 pm
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SolarEdge's joint venture with Ajlan & Bros could potentially increase its market share and revenues in the Middle East and North Africa region.
The joint venture will provide SolarEdge with an opportunity to expand its operations and increase its market share in the Middle East and North Africa region. This could potentially lead to increased revenues and a positive impact on its stock price.
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