Shoals Technologies Group Announces That It Has Executed A Non-Binding MOU With UUES To Work Together In Developing Localized Solar Solutions For KSA And The Region; Shoals And UUES Will Work To Establish A Business To Localize Solar EBOS Manufacturing For The Region
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Shoals Technologies Group has signed a non-binding MoU with UUES to develop localized solar solutions in Saudi Arabia and the region. They aim to establish a business for local solar EBOS manufacturing, aligning with Saudi Arabia's renewable energy goals.
September 04, 2024 | 12:05 pm
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Shoals Technologies Group has entered a non-binding MoU with UUES to develop localized solar solutions in Saudi Arabia, aiming to establish a business for local solar EBOS manufacturing. This aligns with Saudi Arabia's renewable energy goals.
The partnership with UUES to localize solar EBOS manufacturing in Saudi Arabia positions Shoals to benefit from the country's ambitious renewable energy plans. This could lead to increased demand for Shoals' products, positively impacting its stock price.
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