Adenium Energy Capital signs long-term Technical Advisory and Development Agreement with Bright Power Group Inc
Adenium Energy Capital Ltd signed a long-term Technical Advisory and Development Agreement with Bright Power Group Inc on the 6th of October 2011 in Dubai.
Bright Power will be supporting Adenium as its special technical advisor on a global basis. Bright Power will notably assist Adenium in the development of solar power projects and in the technical due diligence of plants being considered for acquisitions. Raed Sarhan, Adenium’s Managing Director, stated: “It is a great pleasure to have Bright Power Group as part of Adenium’s growing platform. The combination of the two teams will greatly enhance our future acquisition and development of solar power plants and ensure that they are adequately analyzed and monitored”. “We are excited to work with an experienced partner with a strong pipeline of projects.” said Jeremy Crane, Principal at Bright Power Group.
In initiating this relationship, Adenium and Bright Power have placed a joint bid in Jordan for the development of a 100 MW solar project.
-Ends-
Adenium Energy Capital was launched in early 2010 as a fund management firm, specializing in the investment and development of clean energy and alternative energy-related sectors. Adenium’s mandate is to build a diversified global portfolio of clean energy assets with an initial focus on the solar markets.
Adenium Energy Capital is the fruit of a joint enterprise between prominent entrepreneurs – each a leader in their respective industry - with a common passion to develop a sustainable, world-class investment company focused on the promotion of clean and renewable energy investments. For more info, please visit: www.adeniumcapital.com
Bright Power Group is a Canadian corporation whose partners have been evaluating and financing LPs as well as working in the solar and wind industry for over 10 years. Incorporated in 2009 BPG has developed a pipeline of 26MW of solar projects in Ontario. Their international expansion has developed over 200MW of potential projects. For more info, please visit: http://www.brightpowergroup.com/
For more information, please contact:
info@adeniumcapital.com
© Press Release 2012, 09 January
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