Alternative Energy Projects Company Jordan (AEPCo Jordan), a member of Kuwait’s KIPCO Group, has joined forces with Jordan-based development, contracting, and investment firm Green Sources Investments (GSI) to establish a collaborative initiative named Green Sources Investment for Alternative Energy Projects (GSIAEP).
The primary objective of this strategic partnership is to serve as a platform for the development of commercial and industrial solar projects within the Hashemite Kingdom of Jordan. With Jordan’s solar market ranking as one of the most established and mature in the MENA region, the focus has shifted towards supporting commercial and industrial sectors in trimming operational costs, slashing carbon footprints, and bolstering competitiveness.
Dr. Hassan Qasem, CEO of AEPCo, expressed enthusiasm about the collaboration, stating, “Our partnership with Green Sources Investments underscores our enduring commitment to Jordan’s solar market. We are eager to devise a strategy to collaborate with reputable local developers who possess a robust presence and extensive experience in Jordan.”
Echoing Dr. Qasem’s sentiments, Engineer Maher Farraj, CEO of GSI, highlighted the significance of the partnership, saying, “We are delighted to establish this partnership with AEPCo and leverage our substantial expertise in solar project development, finance, execution, and asset management. AEPCo brings invaluable regional know-how and experience that will facilitate the establishment of a robust platform for solar projects in Jordan.”
AEPCo, headquartered in Kuwait, specializes in renewable energy solutions. Since 2016, the company has been at the forefront of developing renewable energy projects, boasting a track record of approximately 630 MW across the MENA region. As a fully owned subsidiary of Kuwait Projects Company (Holding) (KIPCO Group), AEPCo operates across the Middle East and North Africa, with investments spanning various sectors such as financial services, media, manufacturing, and real estate. AEPCo offers specialized services in renewable energy systems and provides consultative solutions on energy conservation, delivering innovative approaches to its clientele.
Established in 2009, Green Sources Investments (GSI Ltd.) specializes in EPC (Engineering, Procurement, and Construction), contracting, and development within the realm of renewable energy, particularly photovoltaic solar. GSI offers comprehensive solutions for the seamless implementation of solar PV projects, leveraging extensive industry knowledge and a global track record in solar EPC. Renowned for its commitment to customer satisfaction, GSI has earned a stellar reputation as a leading player in the solar energy sector, capable of delivering full-service EPC solutions for both small and large-scale PV projects.
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