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Al Shirawi forms joint venture with Germany’s GILDEMEISTER Energy Solutions

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Al Shirawi forms joint venture with Germany’s GILDEMEISTER Energy SolutionsDubai, UAE, 25th June 2018: Al Shirawi Group, one of the largest private business conglomerates in the UAE, has formed a landmark joint venture with Germany’s GILDEMEISTER Energy Solutions GmbH to advance the development and deployment of solar energy solutions in the UAE.

The GILDEMEISTER Al Shirawi Energy Solutions joint venture specialises in utility-scale projects and focuses on the planning, development and construction of turnkey free-space plants and their operations. The new company will work hand-in-hand with the region’s project developers and investors for implementation of rooftop systems and other comprehensive solutions consisting solar applications, storage and e-mobile technology.

The joint venture brings global expertise in renewable energy into the UAE marketplace, thereby supporting the nation’s relentless pursuits for a greener future. It will also benefit the Group’s complementary businesses in the construction sector, especially its facilities management arm that is set to play a leadership role in solar energy management.

Navin Valrani, CEO, Engineering Services & Education, Al Shirawi Group, said: “In the past decade, the UAE has secured a prominent place in the international solar energy industry having developed several world-class solar projects. As a local private business, we felt it’s an opportune time to lend our support for intensifying the efforts in this field.”

“We are delighted to partner with GILDEMEISTER. The service provider offers the best technical and economically viable solar solutions for customers. Through the operations and activities of this joint venture, we will encourage increased adoption of solar solutions and contribute to clean energy in line with our group’s sustainable strategy,” added Pramodh Idicheria, COO, Engineering Services, Al Shirawi Group.
André Kremer, Managing Director, GILDEMEISTER Energy Solutions, said: “These are exciting times for us as the general outlook for the energy industry is promising. The JV with its combined expertise, resources and shared passion to deliver the best will benefit all industry stakeholders.”

Charalampos Sarafopoulos, General Manager, Al Shirawi FM, who has been instrumental in leading the Group’s solar efforts, formalised the contract in the presence of Kremer and Moritz Wickert, Head of Energy Systems, GILDEMEISTER Energy Solutions at the recently concluded Intersolar Europe held at Munich, Germany.

The Würzburg-headquartered GILDEMEISTER has carried out more than 8,000 installations in over 40 countries. It was awarded the Best Practice Label for energy efficiency projects by the Deutsche Energie-Agentur (dena), the German Energy Agency. The company has also won Intersolar Awards. As part of the DMG Mori Group, GILDEMEISTER brings with it decades of international experience in an industrial environment and has clients in different sectors.

About Al Shirawi:
Al Shirawi Group of Companies, operating under the legal name of Oasis Investment Company, is a UAE-headquartered conglomerate with operations across the GCC region. The Group consists of 34 companies operating across nine business areas: Printing & Packaging, Oil & Gas, Logistics, Heavy Equipment, Manufacturing, Electronics, Engineering Services, Trading and Online Media & Publishing. Founded in 1971, the Group today employs over 10,000 employees.

For further information, please contact:
Sheetal Thomas
Corporate Communications
Tel: +971 50 106 3246
Email: sheetal.thomas@alshirawi.ae

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