Dentons advises Nextpower on the joint venture between Nextpower and Abunayyan Holding for the establishment of a manufacturing facility for the manufacturing and deployment of[...]

Riyadh-Dentons has advised Nextpower on the joint venture and incorporation of Nextpower Arabia. The new joint venture will accelerate the manufacturing and deployment of utility-scale solar power plants across the Middle East and North Africa (MENA) region.

Nextpower (Nasdaq: NXT, formerly Nextracker) is a global leader in advanced solar technology solutions, engineering and delivering integrated systems designed to optimise performance and reliability for utility-scale and distributed solar projects worldwide.

Abunayyan Holding is a Saudi conglomerate that is engaged in the field of water, energy and infrastructure, with a legacy of more than 75 years of operations across the Kingdom and the wider MENA region.

The joint venture supports the national and regional energy objectives and Net Zero targets. Nextpower Arabia's strategic objectives are set to specialise in the provision, integration and support of advanced solar tracking systems, yield management and control technologies for large-scale solar plants.

Ziad Saad, Managing Partner of Dentons Saudi Arabia said: "We are proud to have supported the successful formation of Nextpower Arabia - a partnership that exemplifies strategic collaboration, advancement of sustainable energy infrastructure and alignment with the Kingdom's long-term economic transformation under Saudi Vision 2030."

The Dentons team advising on the transaction was led by corporate partner Ziad Saad, with support from Mohamad Al Rifai (Senior Associate, Riyadh) and Sara Alfaddagh (Associate, Riyadh).

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