Enerwhere, a Dubai-based energy startup company that supplies the commercial sector with transportable solar-hybrid power plants, has received a $10 million injection from the alternative energy solutions investors Adenium Energy Capital.
Specifically, the UAE investor, which is made up of four regional companies in the electrical, shipping and construction sectors, is going to be putting their money into Enerwhere’s “fleet of mobile solar power assets.” The deal, signed by Enerwhere’s CEO Daniel Zywietz with Adenium’s CEO Wassef Sawaf, took place at the start of March at the Solar Middle East exhibition in Dubai.
The partnering of the two Dubai companies will see the solar power systems provide power to construction sites, industrial locations and worker accommodation facilities around the MENA region. They will be providing approximately 10MW [1MW is a unit of a million watts] of electricity, which will be enough to power tens of thousands of facilities, with the hope of including hotels, mines, factories, temporary accommodations, and refugee camps.
“The development of the electricity grid is lagging behind economic growth,” said Zywietz in a statement. As a result many growing communities and industrial areas of the Middle East are having to rely on expensive diesel generators to keep lights and machines operating. According to the Enerwhere CEO the solar-diesel hybrid systems can dramatically reduce fuel consumption - operating costs are reduced by up to nearly 20%, while energy provided is better.
Enerwhere, which was founded in 2012, first installed its system on the World Islands in Dubai in 2014, just providing power to a construction site. Their most recent project has been the 5MW solar-diesel hybrid system on Saadiyat Island in Abu Dhabi. The power generated by this mechanism meant that 8,000 construction workers had around the clock electricity for nine months.
Adenium, who have been investing in clean and alternative energy solutions since 2010 have been on the hunt for new investment. “In a region with so much sunshine we have had our eye on the potential for solar-diesel hybrid systems for a while,” said CEO Sawaf in a statement. The investment will increase the size of Enerwhere’s fleet, currently used through rental contracts, allowing them to grow their energy saving coverage in the Middle East.