Al Naboodah Group Enterprises (ANGE) is entering the solar energy space with the launch of its newest business stream under Al Naboodah Electrics.
ANGE has forayed into the growing solar sector a couple of months after it launched a dedicated facilities management (FM) company.
Al Naboodah Electrics entered into an exclusive partnership with Jakson Group, an India-based energy and engineering company with presence in powergen and distribution, solar, EPC and defence industries.
The business will distribute Jakson’s portfolio of solar products, including solar panels, in the UAE market.
An official signing ceremony took place between the two organisations on the side lines of the World Future Energy Summit held in Abu Dhabi, at which Al Naboodah Electrics also had a display showcasing its renewable energy technologies.
ANGE’s is already present in the energy efficiency space, as it supplies eco-friendly products with Lumez, its own brand of energy-efficient LED lighting.
The new business venture also supports the UAE government’s Energy Plan, the firm says, which aims to increase clean energy use by 50% by 2050.
Buti Al Naboodah, deputy CEO, Commercial for ANGE, said: “The investment into renewable energy is a testament to Al Naboodah Group Enterprises’ commitment to creating a sustainable future.
“The launch of this business is a strategic move that fulfils our sustainability ambitions while aligning ourselves more closely with the UAE Vision 2021 and the UAE Energy Plan,” he said.
One of Al Naboodah Electrics’ first solar panel projects is the optimisation of ANGE’s own assets, which includes the ANGE corporate headquarters in Al Awir.
Phase one of the rooftop project will see up to 25% of energy demands met through solar energy, with additional phases to follow.
Considered as an early mover in the solar power segment, Jakson Group has operations in Bangladesh, Nepal, Singapore and several African nations.
Jakson Group has an integrated solar portfolio generation, EPC and manufacturing business and they are considered to be one of the leading manufacturing and solar EPC companies in India.