Essar Group and Desert Technologies Ink Agreement to Develop Green Energy Solutions

Desert Technologies (DT), an independent solar PV and smart infrastructure holding company, and Essar Group have agreed to collaborate on renewable energy solutions for Essar Group's Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA), as well as potential future projects.

Desert Technologies and Essar Group signed an MoU during the G20 summit on September 11.

The companies stated that through this collaboration, they will develop solutions for renewable energy generation and storage for Essar's Flat Steel Complex in the Kingdom of Saudi Arabia, the first green steel project in the GCC region, as well as explore opportunities for other potential projects.

“Desert Technologies's MOU with Essar signifies our long-term commitment to meet the growing demand for renewable energy solutions; especially in the KSA. Its solutions in the renewable energy sector, price competitiveness and low Carbon footprint solutions will further boost the growing low CO2 emission steel industry," said Chief Executive Officer of DT Investments, Khaled Sharbatly.

Desert Technologies, based in Saudi Arabia and operating in over 25 countries, has a proven track record as a PV developer, investor, EPC and O&M contractor, PV solar panel manufacturer, and energy storage systems integrator.

Essar is currently considering a $4.5 billion investment in the construction of an integrated steel plant in Ras Al Khair, Saudi Arabia. This collaboration with Desert Technologies will provide the company with access to green energy and carbon-free energy storage solutions, reinforcing its commitment to a low carbon footprint.