Nextpower Inc. and Saudi Arabia’s Abunayyan Holding have formed Nextpower Arabia, a joint venture headquartered in Riyadh that will accelerate the deployment of utility‑scale solar power plants across the Middle East and North Africa. The partnership combines Nextpower’s advanced solar‑tracking technology with Abunayyan’s deep regional expertise to deliver integrated solar solutions and reduce project lead times.
A cornerstone of the venture is a new 42,000‑square‑meter manufacturing facility under construction in Jeddah. The plant is slated to open in the second quarter of 2026 and will be capable of producing up to 12 GW of solar‑tracking equipment per year, creating roughly 2,000 jobs, including 600 on‑site production staff. The facility will also support the development of local engineering and technical capabilities, aligning with Saudi Arabia’s Vision 2030 and the Kingdom’s goal of 130 GW of solar capacity by 2030.
Nextpower, which rebranded from Nextracker on November 12, 2025, will bring its global portfolio of over 150 GW of trackers to the joint venture, including more than 6 GW already operating in the Middle East and Africa. Abunayyan, with 75 years of experience in water and energy infrastructure, will provide supply‑chain management, regulatory navigation, and local market knowledge.
Turki Al‑Amri, CEO of Abunayyan Holding, will serve as chairman and CEO of Nextpower Arabia, underscoring the commitment of both partners to a unified leadership structure. The joint venture’s investment plan calls for approximately $88 million (about 330 million Saudi Riyals) in equity and debt over the next two years to fund the Jeddah plant and build local capabilities.
The partnership positions Nextpower to expand its footprint into a high‑growth market, diversify its revenue streams, and strengthen its competitive position in the rapidly expanding global solar market. By localizing manufacturing and leveraging Abunayyan’s market presence, the joint venture is expected to reduce costs, shorten project timelines, and accelerate the region’s transition to renewable energy, supporting Saudi Arabia’s Net Zero commitments and the broader MENA renewable energy targets.
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