Saturday, 21 October 2017 05:34 GMT
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Taqnia buys 50 percent stake in Sun & Life

(MENAFN) Saudi Technology Development and Investment Company (Taqnia) has announced that it purchased a 50 percent stake in a Saudi leader in solar energy, Saudi Gazette reported



The purchase of the stake in Sun & Life is part of Taqnia's strong renewable energy strategy



The acquisition includes the rebranding of Sun & Life into Taqnia Solar and the forming of combined teams and pooling of market expertise



It is worth mentioning that Sun & Life had recently acquired a German technology provider and manufacturing leader of solar mirrors used in all kinds of CSP and CPV power plants
Taqnia buys 50 percent stake in Sun & Life