Solar lease and energy-as-a-service structures are unlocking renewable energy adoption for Kuwaiti corporates and public sector clients without upfront capital.
For many corporates in Kuwait, the primary barrier to renewable energy adoption is not technology but capital allocation. Solar lease and energy-as-a-service structures address this directly.
Under these structures, AEPCo finances, builds and operates the renewable energy asset, while the client pays only for the clean energy delivered. This converts capex into a predictable opex line, often below the cost of grid-supplied power on a long-term view.
The model is particularly suited to industrial, logistics, retail and public sector facilities seeking to decarbonise without compromising core capital priorities.
AEPCo 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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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.
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AEPCo'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.
