RECand O Capital for Services and Contracting, a fully owned subsidiary of Orascom Telecom Media and Technology Holding, signed a new strategic venture to provide turn-key solar power solutions in Egypt, Africa, and the Middle East.
This new cooperation combines REC’s high performing solar panels and expertise in solar power turn-key solutions with O Capital’s access to the promising local and regional solar markets and its excellent position in Egypt’s infrastructure projects. The two companies plan to co-develop a sales-focused and go-to-market approach where O Capital will manage tender processes for solar installations in the residential, commercial and utility segments and provide the relevant local expertise and resources for the turn-key installations, while REC will add its strong engineering expertise.