Partnership will accelerate the growth of the solar industry in the Middle East
Fasset, a digital asset gateway and provider of real-world asset tokens, regulated in multiple jurisdictions including the Dubai Multi Commodities Centre (DMMC) has announced a strategic cooperation with Creek Capital, a Dubai Financial Services Authority (DFSA) regulated asset manager, recognised for its pioneering investments into the Energy Transition in the Middle East region, a press release indicated.
As part of this collaboration, they have signed a Memorandum of Understanding (MOU) to accelerate the growth of the solar industry in the Middle East through the introduction of an alternative and innovative investment solution for sustainable power assets.
“In our continued support of renewable energy and digital assets, it is a privilege to work with industry leaders, such as SirajPower, to make investing in ESG assets more accessible,” remarked Mohammad Raafi Hossain, CEO, Fasset.
“Since securing US$ 50mn in funding in 2020 and with ongoing plans to raise a further US$ 250mn to expand our footprint in the Gulf, SirajPower has been at the frontier of renewable energy in the Middle East and our rapid growth is a testament to the region’s potential in the sustainable power sector,” commented Mohammed Abdulghaffar Hussain, Chairman, SirajPower.
SirajPower is one of the leading distributed solar solutions providers within the Middle East and currently operates and maintains more than 200 facilities in the UAE, representing more than 800,000 sqm and displacing more than 85,000 metric tons of carbon dioxide emissions annually.
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