SirajPower Company Profile

Background

Established in 2015, SirajPower is a leading distributed solar energy provider in the United Arab Emirates (UAE). As a subsidiary of Positive Zero, the company offers comprehensive turnkey solutions encompassing the development, financing, construction, and operation of solar energy systems for commercial, industrial, residential, and educational sectors. SirajPower's mission is to transform the Middle East's energy landscape by enabling entities to achieve energy independence, cost savings, and sustainability goals through innovative solar technologies. The company holds the largest distributed solar energy portfolio in the region, exceeding 100 MWp, and operates over 190 facilities.

Key Strategic Focus

SirajPower's strategic focus centers on delivering integrated solar energy solutions tailored to diverse sectors. The company specializes in on-grid distributed solar systems, off-grid hybrid solutions combining solar, diesel, and battery storage, and on-demand transportable lithium-ion battery systems. By offering fully financed solar leasing models, SirajPower enables clients to adopt clean energy without upfront investments, thereby promoting energy security and sustainability.

Financials and Funding

In 2020, SirajPower secured a $50 million long-term non-recourse credit facility to expand its solar energy offerings. This financing supports the company's growth and its commitment to providing innovative solar solutions across the region.

Pipeline Development

SirajPower has successfully completed numerous projects, including:

Al Tajir Glass Industries: A 2.9 MWp solar rooftop system in Jebel Ali Industrial Area, generating 4.6 GWh of clean energy annually and offsetting over 2,000 metric tons of CO₂ emissions.

Nakheel Partnership: Installation of solar solutions across nine retail and residential locations, including a 3.1 MWp solar rooftop for The Gardens residential complex.

Emirates Group's Sevens Stadium: Development of a 2 MWp solar carport, the region's first and largest, providing 3.6 GWh of clean energy annually.

AW Rostamani Group: Deployment of 1.7 MWp solar solutions across four principal locations in Dubai, generating 2.85 GWh of clean energy annually.

Technological Platform and Innovation

SirajPower distinguishes itself through proprietary technologies and innovative methodologies:

Solar-Diesel-Battery Hybrid Systems: Combining solar energy with diesel generators and battery storage to provide reliable, cost-effective power solutions for off-grid operations.

On-Demand Energy Solutions (HYPR): Offering transportable lithium-ion battery systems to meet dynamic energy demands.

Comprehensive Service Model: Providing end-to-end services, including engineering, procurement, construction, operation, and maintenance, under a single umbrella.

Leadership Team

SirajPower's leadership comprises seasoned professionals with extensive experience in the renewable energy sector:

Laurent Longuet, CEO: With over 15 years in international energy projects, including roles at Total, Shams 1 Company, SunPower, and Akuo Energy, Laurent has been instrumental in advancing SirajPower's growth and innovation.

Mohammed Abdulghaffar Hussain, Chairman: As Chairman, Mohammed provides strategic direction, leveraging his extensive experience to guide SirajPower's mission and objectives.

Competitor Profile

Market Insights and Dynamics

The Middle East's solar energy market is experiencing significant growth, driven by governmental initiatives like the UAE's Net Zero by 2050 strategy. The region's abundant solar resources and increasing energy demands position it as a prime market for solar energy solutions.

Competitor Analysis

Key competitors in the region include:

Yellow Door Energy: Specializes in solar leasing and energy efficiency solutions for commercial and industrial clients.

Masdar: A major player in renewable energy, focusing on large-scale solar and wind projects.

Enviromena: Provides solar photovoltaic solutions across the Middle East and North Africa.

These companies contribute to a competitive landscape, each offering unique approaches to solar energy deployment.

Strategic Collaborations and Partnerships

SirajPower has established significant partnerships to enhance its market position:

Nakheel: Collaborated on multiple solar installations across retail and residential properties.

Emirates Group: Developed the region's largest solar carport at the Sevens Stadium.

AW Rostamani Group: Implemented solar solutions across key locations in Dubai.

Operational Insights

SirajPower's integrated service model, combining financing, engineering, construction, and maintenance, provides a competitive edge. Its focus on tailored solutions for diverse sectors and commitment to sustainability align with regional energy goals, positioning the company as a leader in the distributed solar energy market.

Strategic Opportunities and Future Directions

Looking ahead, SirajPower aims to expand its footprint in the Middle East, particularly in markets like Saudi Arabia, where demand for renewable energy is growing. The company plans to leverage its expertise in solar-diesel-battery hybrid systems and on-demand energy solutions to cater to off-grid and remote operations, further contributing to the region's energy transition.