Ashraq Sembcorp Jinko

company 1 Deal 2 Partners

Dubai-based renewable energy developer and joint venture between Sembcorp Industries and JinkoPower, with 1.2 GW of solar and storage projects across the Middle East. Focuses on utility-scale solar PV and battery storage, backed by $1.2B in assets under management.

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Founded 2022 150 employees Parent: Sembcorp Industries

Renewable Energy DeveloperDeveloperInvestor

Strategic Overview

Focuses exclusively on utility-scale solar and hybrid solar-storage projects in the Middle East.
Leverages JinkoPower’s technology and Sembcorp’s project development and financing capabilities.
Targets long-term PPAs with government-backed utilities in UAE and Saudi Arabia.
Actively expanding pipeline in Oman and Jordan with feasibility studies underway.

Deal History (1)

OIA completes Manah Solar Power Plant (Phases I and II) with RO 150 million investment

Partner Solar Oman Nov 17, 2024 USD390M

Investment Focus

Technologies

Solar1

Geography

Oman1

Key People

Gareth Ho

Chief Executive Officer

Track Record

1,200

MW Total

Deals Completed

Years Active

$M1,200M

Total Value

Notable projects: 500 MW Al Ajban Solar PV Project, UAE, 200 MW Dumat Al Jandal Hybrid Solar-Battery Project, Saudi Arabia

Detailed Analysis

Technologies

Solar PV (6 deals)Battery Storage (3 deals)

Geographies

Middle East (6 deals)United Arab Emirates (4 deals)Saudi Arabia (2 deals)Oman (1 deal)

Deal Stage

GreenfieldOperating

Deal Structure

Joint VentureProject DevelopmentPower Purchase Agreement (PPA)

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