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Heavy solar investments in Saudi Arabia & the United Arab Emirates (UAE)

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meeco promotes energy rethinking on the Arabic peninsula

Saudi Arabia and the UAE are best known for their deserts, oil and wealth. Both also offer perfect conditions for solar energy projects, which, however, underperform compared to their given potential in terms of installed capacity. Oil and Gas are still energy suppliers number one. But there is a change in mind: Since the beginning of 2019, both countries have had a fundamental rethink and are now eager to improve their generation of renewable energy. The meeco Group through its local joint venture oursun Saudi Arabia accompanies this development by realising clean energy projects with sustainable solutions.

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2012 Solar Market Report in the Americas

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Sun2flow Paraguay - meeco 2013

The meeco Group pursues growth in Latin America thanks to off-grid projects

Present in both North and South America, The meeco Group is strategically positioned to answer clean energy needs in both regions.  However, the situation is very different from one market to other. “In the United States, power purchase agreement prices have significantly decreased during 2012 and the Federal cash-grant program has was allowed to expire. As a result, clients for many PV projects are large companies that can utilize the Federal tax credit and accelerated depreciation rules,” explains Stuart Moss, directing The meeco Group’s activities in North America and parts of South America. As a consequence, The meeco Group has decided to focus its activity in Latin America. Markets such as Brazil, Paraguay, Peru, Chile, Mexico, and Ecuador are growing in part thanks to the global cost reduction of PV technology during 2012.

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