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haala energy secures 7.6 million dollars to expand solar project pipeline

HAALA Energy, a prominent Saudi solar energy developer, has successfully raised USD 7.6 million in its Series A funding round, led by the Fakeeh family office. This capital will support the company's ambitious goal of completing 30MWp of commercial and industrial solar projects over the next three years, enhancing its competitive edge in the renewable energy market. With a commitment to employee ownership and a diverse project portfolio, HAALA Energy is poised to significantly contribute to Saudi Arabia's Vision 2030 climate goals.
Lucidity Insights
Saudi Riyal SAU Mazen Fakeeh Faris Al-sulayman
Business & Industry, Press Release
02:12 04.03.2025
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