Activ Solar GmbH, the largest solar developer in Ukraine, is seeking to tap Islamic financing to expand into renewable energy markets in the Middle East.
Solar plants’ predictable and steady revenue streams could be a good fit for the growing Islamic financing market, Activ Chief Executive Officer Kaveh Ertefai said today in Munich.
In Saudi Arabia, Activ is in the process of setting up a venture with a local company that has the “ability to support execution” of solar parks, Ertefai said in an interview on the sidelines of a solar conference in the German city. The developer is also looking at markets including Qatar, Jordan and the United Arab Emirates for growth, he said.
