The IAN-DMEGC collaboration will tap GCC’s massive Dh24 billion (USD6.53 billion) Solar PV market
News Desk
DUBAI/SHENZHEN: IAN, the wholly-owned renewable energy arm of AG Holding, a prominent UAE Holding Company and a family office, has entered into a strategic distribution agreement with China-based DMEGC Solar (SZ: DMEGC), marking DMEGC’s first official expansion into the GCC region. The IAN-DMEGC deal will tap GCC’s massive Dh24 billion (USD6.53 billion) Solar PV market.
DMEGC Solar is the world’s leading high-efficiency solar panel supplier and manufacturer in renewable energy, recognized as a Bloomberg Tier 1 PV module manufacturer and PVTECH global Top 10 module suppliers. The company is dedicated to providing full-scenario photovoltaic solutions worldwide for residential, commercial, and utility-scale applications.
The agreement signing ceremony took place in Dubai between Mr. Abdulrahman Al Baidhaei, Chairman of AG Holding on behalf of IAN, and Mr. Leon Lu, General Manager of Global Sales at DMEGC Solar, formalizing a partnership that sets IAN as the exclusive distributor of DMEGC Solar products across the Gulf region.
Operating from its hub in Dubai, IAN will distribute DMEGC Solar’s high-performance solar solutions in the UAE and to neighbouring Gulf markets. The partnership strengthens IAN’s growing renewable energy trading portfolio, as the company already distributes several leading global brands in the region.
“We are proud to welcome DMEGC Solar into our portfolio and to represent them exclusively in the GCC,” said Mr. Abdulrahman Al Baidhaei, Chairman of AG Holding. “This partnership reflects our commitment to accelerating clean energy adoption and providing industry-leading technologies to our clients.”
Mr. Leon Lu, General Manager of Global Sales of DMEGC Solar, said, “Our collaboration with IAN marks an important milestone as we enter the GCC market for the first time. IAN’s strong presence and expertise in the regional renewable energy sector make them a perfect partner for our expansion.”
The agreement underscores both companies’ shared vision of driving sustainable energy growth across the Gulf.
GCC and UAE Solar PV Market Size
The IAN-DMEGC collaboration will tap GCC’s massive Dh24 billion (USD6.53 billion) Solar PV market.
The UAE is making massive investments in solar projects as part of its clean energy strategy, including a Dh198 billion (USD54 billion) budget for its National Energy Strategy through 2030. Key projects include a large Mohammed bin Rashid Al Maktoum Solar Park in Dubai, which aims for 5,000 MW by 2030 with an investment of Dh50 billion (USD13.6 billion). Additionally, Masdar, the UAE’s flagship renewable energy and sustainability company, is developing new large-scale solar projects linked with battery storage, such as a Dh22 billion (USD6 billion) initiative with 5GW of solar capacity.
