SkyPower FAS Energy a strategic joint venture in Middle East and North Africa region

TORONTO, CANADA – NOVEMBER, 2013

SkyPower is pleased to announce the formation of SkyPower FAS Energy, a strategic joint venture partnership with FAS Energy, a subsidiary of Fawaz Alhokair Group, a leading real estate and construction company based in Saudi Arabia. SkyPower is the largest developer of solar projects in the world and has produced over 200 million kWh of clean solar electricity to date.

SkyPower FAS Energy is committed to providing renewable energy solutions in Saudi Arabia as well as other key markets in the Middle East and North Africa region (MENA). The combination of SkyPower’s wealth of experience in developing utility-scale solar parks and FAS Energy’s extensive sector knowledge in the MENA region, enables SkyPower FAS Energy to produce a significant solar implementation strategy in the region. It is a great opportunity for SkyPower to have FAS Energy, the leader in the Middle East in real estate and development.

“SkyPower is proud to partner with FAS Energy, a company who is committed to providing renewable energy solutions for the MENA region and whose local expertise and knowledge will be an asset”, said Kerry Adler, President and Chief Executive Officer of SkyPower. “We look forward to implementing a solar strategy and using our collective strengths to harness the vast abundance of solar energy in the MENA region.”

“FAS Energy is pleased to collaborate with SkyPower, the largest solar developer in the world,” said Sabri Asfour, General Manager of FAS Energy. “This is an excellent opportunity for FAS Energy and SkyPower to join forces to ensure the future of solar energy reaches its full potential in the MENA region.”