Subscribe free to our newsletters via your
. Solar Energy News .

EnerTech and Morgan to sell Solar CPV Technology to Kuwait and Middle East
by Staff Writers
Kuwait City, Kuwait (SPX) May 08, 2014

File image.

EnerTech Holding Company is pleased to announce that it has entered into a strategic investment and partnership agreement with Morgan Solar. MSI has developed a revolutionary, low cost and high efficiency solar concentrated photovoltaic (CPV) technology and a game changing two-axis tracker, with great potential for adoption in the Middle East.

Under the agreement, EnerTech will invest in MSI, and will transfer technology and know-how to Kuwait and the region by establishing local manufacturing and assembling facilities for MSI's technologies. This transaction will help boost the fast growing solar energy projects developing in the region, through the adoption of these advanced, high efficiency and low cost technologies.

Both parties will work together to develop the market in the Middle East, which is witnessing the emergence of more than 40 gigawatts of solar energy projects over the next few years.

Morgan Solar is a privately held solar technology company backed by well-known energy and financial organizations such as Iberdrola, Enbridge Inc., The Frost Group, Turnstone Capital and other venture capital and private equity firms. MSI is headquartered in Toronto, Canada and is starting to aggressively pursue the fast growing international opportunities developing in the global solar energy market.

Mr. Abdullah Al-Mutairi, Chief Operating Officer of EnerTech, and Mr. Anas Meerza, General Manager of NTEC said, "Morgan Solar has developed a breakthrough and disruptive technology in the solar energy sector, which will be a game changer in terms of high efficiency, low cost CPV module and lower levelized cost of energy. We strive to develop key projects in the region. Leveraging MSI's technologies and experience EnerTech can further enhance its development portfolio in renewable energy and strengthen the Group's competitiveness in the clean tech business."

John Paul Morgan, Chief Technology Officer, founder, inventor and lead developer of Morgan Solar's advanced technologies said, "EnerTech is one of a few GCC based company with a clear mandate to develop large scale solar and other renewable energy projects, and to transfer world class technologies to the region. Through this strategic partnership, we will develop the CPV and tracked PV markets in the Middle East, expanding MSI's presence worldwide."


Related Links
Morgan Solar
All About Solar Energy at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Tennessee utility to add more solar power to grid
Richmond, Va. (UPI) May 7, 2013
U.S. energy provider Dominion said Wednesday it added solar power developments in Tennessee that will bring its total solar power portfolio to 212 megawatts. Dominion said it acquired two solar energy projects in southwest Tennessee for an undisclosed sum. Power generated from both sites will be purchased by the Tennessee Valley Authority. Each of the projects, Mulberry Farm and ... read more

SE Asia palm oil problems could hit consumers worldwide

Fueling aviation with hardwoods

ACCESS II Alternative Jet Fuel Flight Tests Begin May 7, 2014

Ozone levels drop 20 percent with switch from ethanol to gasoline

Robot mimics cartwheel movement of desert spider

Stephen Hawking says threat of artificial intelligence a real concern

MDA selected to define robotic concepts for deep-space missions

Programming the smart home: 'If this, then that'

Offshore wind supported with U.S. federal funding

GDF Suez, others, selected to build offshore wind farms

U.S. moves closer to first-ever offshore wind farm

970-MW wind farm off the Isle of Wight considered

Toyota posts record annual profit of $17.9 bn

Life-changer or death sentence? Madrid's electric bikes

Google says driving forward on autonomous car

Carmakers promise Chinese drivers a breath of fresh air

DNO ramps up deliveries from Kurdish oil field

Baker Hughes counts increased rig activity in United States

Vietnam sea spat part of China's larger strategy: experts

Alaska governor signs natural gas bill pipeline measure

Obama sends Vietnam nuclear deal to Congress

Fewer US nuclear plants could curb climate change fight

Westinghouse Expands to Meet Latin America's Energy Needs

Exelon buys Pepco for $6.83 bn in energy deal

Germany now EU's worst polluter as CO2 emissions rise

US House approves major Africa power bid

Geothermal Industry celebrates Awareness Day as sector readies for Summit

Energy-subsidy reform can be achieved with proper preparation, outside pressure

Extinction stalks Myanmar's forests

Leaf chewing links insect diversity in modern and ancient forests

Amazon rainforest survey could improve carbon offset schemes

Untangling Brazil's controversial new forest code

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.