Adenium Energy Capital and Enerwhere sign USD 10 Million investment agreement for fleet of Mobile Solar Power Systems
* Adenium is investing USD 10M in Enerwhere’s fleet of mobile solar power systems
* Enerwhere will deploy these systems to provide temporary power to labor camps, construction sites and industrial sites around the Middle East on a rental or power purchase agreement (PPA) basis
* Adding solar to diesel-powered mini-grids provides fuel and emissions savings of up to 40% with no upfront investment for the customer
* Enerwhere’s solar-diesel hybrid solutions provide financial savings of 15-20% compared to conventional diesel-only systems
Dubai, March 4th, 2015: Adenium Energy Capital is investing USD 10 Million in Enerwhere‘s fleet of mobile solar power assets. Enerwhere will use these systems to provide temporary power to real estate, construction, and industrial sites in the Middle East. The agreement was signed today at the Solar Middle East exhibition in Dubai by Wassef Sawaf, Chief Executive Officer of Adenium Energy Capital and Daniel Zywietz, Chief Executive Officer of Enerwhere.