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PV Hardware (PVH), has opened a new factory in Jeddah. The company celebrated the opening with a presentation at the facility with some of its most prominent clients and strategic suppliers. Deputy Minister of Energy, Eng. Fuad Mosa, the Chairman of ACWA Power, Mohammad Abunayyan, and the Spanish Ambassador to Saudi Arabia, Jorge Hevia were also present during this event.
All attendees had the opportunity to learn about PV Hardware’s latest innovations in solar trackers as well as the supply benefits PVH Middle East offers customers.
Ivan Higueras (PVH Chairman) thanked Mr. Mosa, Mr. Hevia, and Mr. Abunayyan for their support and presence. PVH Middle East, with the new factory in Saudi Arabia, will double its production and export its trackers internationally. It will be the world’s leader. This is our goal. As a family, we will continue to work hard and keep our eyes on the next goal, which is expanding the facility. We also plan to start thinking about phases 2 as well as phase 3.
The Kingdom of Saudi Arabia is building an industrial network for the renewable energy sector. The new facility will produce 8GW annually and provide trackers, structures, and other support to solar plants. It is also expected to be used for large-scale utility projects in Europe, Asia, Australia, and America.
PVH Middle East is the only tracker supplier in Saudi Arabia with local manufacturing and a permanent presence. “This has demonstrated its commitment to the region. We appreciate the immense effort PVH Middle East put into opening this factory. It is a positive sign for the advancement of renewable energy in Saudi Arabia. As a global energy leader, we have solid experience and are leading the transition to green, and sustainable energy. Anybody who wants to take part in renewable energies must be in Saudi Arabia. We greatly appreciate the support of top companies such as PV Hardware as a key market action,” said Mr. Mohammad Abunayyan.
“Having PVH Middle East operating out of Jeddah is a sign that the region’s potential in solar power is evident,” he said.
Since 2021, PVH Middle East has been manufacturing in Saudi Arabia with more than 60% of its components. The new factory is equipped with state-of-the-art machinery and will produce up to 8GW/year. This will allow for 90% local content,” says Youssef Elsayed (Managing Director of PVH Middle East).
Alvaro Casado is the Global Commercial Director at PVH. “This new factory will enable us to boost activity in the Middle East, and consolidate our place as the leading supplier for solar trackers and structures there,” he said.
PVH Middle East anticipates that it will supply 7GW of electricity in the Middle East by 2023. This forecast could be exceeded by the new PVH production center, according to Emilio Garcia, PVH’s CEO.
“Our experience is that wherever we open a factory, we lead the market, and although the forecasts for next year are good at a global level, we continue to work to consolidate our position as one of the most important solar tracker manufacturers in the world,” said Emilio Garcia.