AEC signed MoU with KACO new energy Germany for solar-energy development

Advanced electronics company (AEC) Saudi Arabia and KACO signed a memorandum of understanding (MoU) to develop new business opportunities in the field of solar energy, with emphasis on photovoltaic (PV) inverters new energy Germany. The growing demand for energy in Saudi Arabia and the MENA region to serve.

AEC and KACO new energy agree that it in the best interest of their companies in developing photovoltaic solar energy options explore. The potential of PV-inverter manufacturing in the AEC for the Kingdom of Saudi Arabia and MENA region is set up at a number of objectives and initiatives for a fee. It is also setting up a customer support and maintenance service center at AEC facility in Riyadh, Saudi Arabia, planned.

Dr. Ghassan al-Shibl, President & CEO of the AEC, commented: "this cooperation reflects the prestigious functions of the AEC as a world-class electronics manufacturer. I am sure that the AEC and KACO make a very successful team. Our joint initiative is also complete with the King Abdullah city for nuclear and renewable energy (K.A.CARE)-strategy. Of course, all our activities underline our support for local employment, and this is an excellent way to create new jobs. We believe that our commitment to Saudization establishes a precedent that can be proud of the whole empire. "We are also our nation become the acknowledged leader in solar energy."

Mr. Ralf Hofmann, CEO of KACO new energy, said: "KACO new energy has a century of experience and has ensured its special technological leadership through adherence to the highest global standards." At the same time are known, the possibilities of the AEC and its expertise in knowledge and technology transfer. We know that the AEC is completely ready to handle new opportunities, and move to production very quickly full. Together, we support research and development (r & d) in the Kingdom, as well as repairs and maintenance for customers. The local production of PV inverter enables fast local service and support. This will offer the benefits of reduced items, requiring as shorter lead times for supply taking place in the camp."

The proposed K.A.CARE renewable procurement program will be among the largest effort of its kind in the world. It is intended, through 54 (GW) energy by 2032.

AEC, established in 1988, has become an offset program and recognized regional pioneer in the innovation and development of advanced electronics, serve, military, Telecom and industry. As one of the leading state of-the-art technology companies in the Kingdom of Saudi Arabia, AECs line includes expertise in the areas of modern electronics manufacturing, system integration and repair- and maintenance services. AEC has become a gateway to specialized services and local access to first-class technology, manufacturing, repair, maintenance and complete solution offers opportunities, skills of their facilities. The company also has the advantage of quick and easy access to other regional markets, customers and distribution networks.

KACO was founded in 1914 and began with the construction of inverter over sixty years ago. The company was KACO new energy in 1998, and today is the world's second largest manufacturer of PV inverters. The product portfolio offered new energy internationally used by KACO for photovoltaic and railway applications. The family-owned and operated company has plants in Germany, United States, Canada and South Korea. KACO new energy latest projects in December 2012, belonged to start now with six GW of inverters delivers 400 MW solar power to 70,000 households in Texas, U.S.A. worldwide in use is a trusted and reliable partner for photovoltaic systems around the globe KACO new energy.