AEP has appointed Kamco Invest, working with Burgan Bank, to lead a capital raise supporting solar and hybrid projects across Kuwait and the wider MENA region.
Alternative Energy Projects Company announced plans to raise equity capital to accelerate the expansion of its renewable energy platform. Kamco Invest, in collaboration with Burgan Bank, will lead the transaction and draw on its regional capital-markets expertise and investor network.
Under the proposed structure, Kamco Invest will establish a special purpose vehicle for participating clients. The vehicle will acquire an equity stake in AEP through the capital increase and secure board representation to help support the company's growth strategy.
The proceeds are intended to fund AEP's pipeline of solar and hybrid off-grid projects. The company operates in Kuwait, Oman and Jordan and is pursuing additional commercial, industrial and utility-scale opportunities in Saudi Arabia and across its existing markets.
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