AEPCo and a consortium led by Gulf Paramount for Electrical Services Company signed an agreement targeting 59 GWh of renewable electricity generation annually.
Alternative Energy Projects Co. announced a renewable energy agreement with a consortium of Kuwaiti companies on May 11, 2025. The agreement was signed during Kuwait Sustainable Energy Week 2025.
Gulf Paramount for Electrical Services Company leads the consortium. Other participants include Commercial Bank of Kuwait, Refrigeration Industries and Storage and Oil Services Company, Kuwait United Poultry Company, and Galleria Mall.
The collaboration is intended to generate 59 GWh of renewable electricity each year. It brings together private-sector organisations to support Kuwait's clean energy transition through a shared, long-term commitment to renewable power.
AnnouncementsAEPCo has signed an agreement with United Real Estate Company (URC), via its subsidiary Marasi United, to develop an 8.77 MW rooftop and carport solar system at Souq Sharq - believed to be the first project of its kind in Kuwait's private sector.
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AnnouncementsAEP 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.
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AnnouncementsAEPCo's Masader Al Haq solar project generated 52.3 GWh of clean electricity during its first four months of operation, avoiding approximately 26,145 tonnes of CO₂ emissions.
Read articleWhether you are an offtaker, investor, lender, developer or public sector stakeholder, AEPCo is ready to support the next generation of renewable energy projects.
