TotalEnergies and Altaaqa Sign MoU for EV Charging Cooperation in the Kingdom of Saudi Arabia
Paris, France, 27. April 2022 – TotalEnergies and Altaaqa Alternative Solutions (“Altaaqa”, a Zahid Group Company) have signed a Memorandum of Understanding (MoU) to cooperate in delivering an integrated electric vehicle charging stations offering in the Kingdom of Saudi Arabia.
TotalEnergies and Altaaqa will work together (under the Altaaqa EV brand name) to offer end-to-end comprehensive solutions for the development of charging infrastructure for electric vehicles with a holistic scope encompassing all the phases of electric vehicle supply equipment deployment (preliminary studies, engineering, project management, supply, installation, and technical operation).
Altaaqa EV will submit responsive proposals to both prime contractors and end-users, providing them with comprehensive electric vehicle charging station solutions. Combining TotalEnergies´ global know-how in the EV charging business and technology with Altaaqa's commercial and operational excellence in the power generation sector will ensure that the Saudi Arabian EV market has access to the highest international standards of quality and safety.
This cooperation comes on the heels of the Kingdom of Saudi Arabia’s recently unveiled Green Initiative and is aligned with the Kingdom’s Vision 2030 renewable energy pillar that encourages the move towards electric vehicles and the development of associated electric vehicles charging solutions.
The transition to green, environmentally-friendly forms of transportation requires the creation of the right market conditions for the take-up of electric vehicles and development of associated electric vehicle charging infrastructure. The cooperation between TotalEnergies and Altaaqa will cater to the rapidly growing demand in this sector.
“We are very pleased to begin a cooperation with Zahid Group and its subsidiary Altaaqa. Our two groups are joining forces to start addressing the Saudi Arabian electric mobility market. It’s a great opportunity to be committed to the transition towards a more sustainable land transportation in the Kingdom of Saudi Arabia.” said Pierre CLASQUIN, Vice President EV Charge Division, TotalEnergies.
Majid T. Zahid, Group President – Energy at Zahid Group added, “Zahid Group and TotalEnergies have worked together for over 15 years and have a strong partnership via joint ventures in various energy related categories ranging from renewable energy to lubricants. The announcement of this new agreement will re-assure automotive retailers and end-users across the Kingdom of Saudi Arabia. As they transition towards electric vehicles they can rely on TotalEnergies’ state-of-the-art electric vehicle charging solutions and Altaaqa’s technical expertise and operational excellence.”
TotalEnergies has a growing portfolio of charging networks in key cities around the world, including France, Netherlands, Belgium, United Kingdom, China and Singapore. All of these developments are in line with TotalEnergies’ ambition to become a world-class player in electric mobility.
Zahid Group has affirmed its commitment to the transition towards renewable energy via the establishment and significant investment in various specialized entities focused on the implementation of renewable energy generating solutions for industries, businesses and households, spanning Residential, C&I and Utility-Scale Solar, Green Hydrogen, Wind Energy, and Water Solutions.
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Alexandra Roger-Machart, Head of Communications