Nextracker Arabia: Strategic Move to Boost Saudi and MENA Solar Capacity
Nextracker (NASDAQ:NXT) and Abunayyan Holding have just revealed plans to create Nextracker Arabia, a new joint venture aimed at dramatically expanding local manufacturing and supply of advanced solar tracking systems in Saudi Arabia and across the Middle East and North Africa (MENA) region.
Saudi Arabia’s Solar Push—Targeting 130 GW by 2030
This partnership lands at a pivotal time. Saudi Arabia is racing to reach 130 gigawatts of clean energy capacity by 2030—an ambition where solar plays a leading role. The region as a whole is moving fast; according to the Middle East Solar Industry Association, MENA’s installed solar capacity could exceed 180 GW by the end of the decade. In 2024 alone, MENA solar capacity has grown 25% to 24 GWac, and is expected to surpass 30 GW by year-end.
| Key Milestones | Saudi Arabia/MENA Solar |
|---|---|
| Current Installed Capacity (2024) | 24 GWac |
| 2024 Capacity Growth Rate | 25% |
| Expected Capacity by End-2024 | 30 GWac |
| Projected MENA Solar by 2030 | 180 GW |
| Saudi Clean Energy Target (2030) | 130 GW |
Local Manufacturing: Laying the Foundation for Sustainable Growth
Nextracker Arabia will be headquartered in Riyadh, integrating Abunayyan’s 75-year legacy in regional infrastructure with Nextracker’s leadership in solar tracking technology. Notably, the venture will take ownership of an existing manufacturing plant in Saudi Arabia—giving it the ability to supply locally built, high-efficiency solar systems to major utility and distributed generation projects.
This is not just a supply deal—it’s a strategic move to localize sales, engineering, operations, and supply chains, in line with Saudi Vision 2030’s push to strengthen domestic industry. By building solar infrastructure within the Kingdom, Nextracker Arabia aims to enhance energy security, reduce supply bottlenecks, and deliver scalable solar power solutions for years to come.
Track Record: Nextracker’s Impact Across Major Regional Projects
Nextracker has already established itself in the region. The company supplied Saudi Arabia’s first utility-scale project—the 405 MW Sakaka Solar Park—and has contributed more than 6 GW of solar installations across the MENA region, with over 3 GW in Saudi Arabia alone. Landmark projects powered by Nextracker include:
- 1.17 GW Al Kahfah project
- 449 MW Tabarjal project
- 904 MW Sudair project
With Nextracker Arabia, this track record is set to accelerate further, leveraging Abunayyan’s market access and expertise in water, energy, and industrial solutions.
What This Means for Investors and the Regional Energy Landscape
The formation of Nextracker Arabia positions the company as a linchpin in the race for renewable energy dominance in the region. Investors may want to note the scale and urgency of the Saudi energy transition and how local manufacturing can help capture new projects while reducing cost and supply chain risks.
The partnership is slated to launch in early 2026, subject to legal and regulatory approvals. Both Turki Al-Amri, CEO of Abunayyan Holding, and Rajeev Kashyap, SVP of Nextracker MEIA, will play leadership roles in the new entity—another signal of strategic alignment between the two organizations.
Key Takeaways: Nextracker Arabia is Poised for Regional Impact
- Ambitious national and regional solar targets provide long-term market potential.
- Localized manufacturing aligns with Saudi Vision 2030, enhancing supply chain resilience and job creation.
- Strong leadership and an existing track record set the stage for accelerated project execution.
As MENA solar momentum continues, Nextracker Arabia is a partnership worth watching. For those tracking the energy transition, this venture could be a key player in realizing both the Kingdom’s and the region’s ambitious solar aspirations.
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