Kaco plans Saudi manufacturing base

Germany’s Kaco New Energy has announced plans to establish a manufacturing presence in Saudi Arabia with local partner Advanced Electronics Company (AEC), as PV suppliers scramble to secure connections in a key market of the future where local content will be king.

Kaco, among the world’s top five manufacturers of PV inverters, has signed a memorandum of understanding to establish a customer support and maintenance centre at AEC’s facility in Riyadh – as well as the “potential to set up” an inverter factory nearby.

The announcement comes less than a month after the King Abdullah City for Atomic and Renewable Energy (K.A. CARE) – which is in charge of Saudi Arabia’s solar programme – confirmed its intention to heavily incentivise the use of locally made content. Saudi Arabia aims to have 54GW of solar capacity in place by 2032.

Kaco and AEC’s plans “align completely” with K.A. CARE’s strategy, says AEC chief executive Ghassan Al-Shibl, adding: “All of our activities underscore our support for local employment.”

AEC specialises in the production of advanced electronics, serving the military, telecoms and industrial sectors.

Family-owned Kaco claims to have 6GW of its inverters installed around the world.