SAFEER Joint Venture Established
Updated: Sep 16
Altaaqa and Total Solar have signed an agreement for the formation of a joint venture between the two entities. The joint venture (SAFEER), will deliver efficient renewable energy solutions to customers across the Kingdom of Saudi Arabia.
SAFEER day-to-day operations will be managed under Altaaqa’s group of companies and the company will rely on Total Solar’s global experience and capabilities in order to deliver effective solar energy solutions to customers.
Mr. Marwan Azraq, the Managing Director of Altaaqa represented the company at the signing ceremony and stated, “We are delighted to partner with Total Solar in the creation of this new and exciting company. The global experience Total Solar holds in solar energy is second to none and we are confident that together we will help customers across the Kingdom reduce their running costs, lower their CO2 emissions and extract more value from their land and buildings. The creation of SAFEER is a clear indication of our commitment to leading the private sector in helping our Kingdom achieve its vision2030 renewable energy market commitment.”
Altaaqa is one of the Kingdom’s leading alternative energy solutions companies and have the needed know-how and solar energy understanding to make SAFEER a great success. Together with Total, the joint venture (SAFEER), will deliver holistic solar solutions, from understanding each customer’s solar vision, through planning, building, installing and managing the project.
At Total Solar, there is a wealth of experience that the Total Group has been building and integrating throughout the energy value chain for the past 100 years and is harnessing in 130 countries today.