Corys Environment sets up a joint venture with Akuo Energy for solar energy
Dubai’s Shams initiative encourages household and building owners to install PV panels to generate electricity for their own use and export any surplus to the city’s electricity network.
In 2015, Corys Environment and Akuo Energy launched a Dubai-based joint venture providing turnkey net metering solutions for industrial and commercial clients. The solutions comprise development, financing, construction and operation of solar rooftops with no up-front cost for customers.
Construction work on the first project, solar rooftop solutions for two factories representing a total capacity of 1.3MW, will start in 2016.