Welcome to Taqnia Energy

TAQNIA ENERGY is a subsidiary of the Saudi Technology Development and Investment Company (Taqnia), and was established at the end of 2014, with headquarters in Riyadh. In order to contribute in technology localization and job creation TAQNIA ENERGY was founded with a clear mandate of developing and investing in bankable technology-focused energy business opportunities.

TAQNIA ENERGY is seeking to be a key contributor to build a sustainable national economic sector in the field of energy. In order to achieve this end, the company has set within its main objectives the development and localization of energy-related industries and services, and made it a key part of the company’s strategy.

The development of industries and services in this sector leads to diversify the economic base of the Kingdom, as well as positively and significantly contribute to the creation of job opportunities for citizens at various levels. It should be noted that TAQNIA ENERGY seeks and focuses on creating more jobs in the fields and specialities with high added value and a sustainable nature.

TAQNIA ENERGY activities span from Energy generation with emphasis on alternative energy, enhancement of energy supply & measurement through improving systems’ efficiency & adopting innovative technologies, energy storage solutions predominantly for peak energy demand & off-grid applications.

Objectives

Investing in promising local and international energy companies.

Localization of different energy technologies by establishing production facilities or through knowledge transfer.

Contribute to job creation and national human capacity development.

Become the leading energy solutions company in Saudi Arabia, GCC, and MENA region.

Create innovative Saudi working environment that encourages discipline and respect.

Business Focus

Due to the growing electricity consumption in Saudi Arabia, the Kingdom’s efforts as directed to meet this growing rapidly through the development of short and long-term programs, which aim at rationalizing consumption, and innovate solutions through the use of traditional and alternative resources. In line with this, TAQNIA ENERGY works in all of:

Our News

TAQNIA ENERGY, KACST, & Saudi Electricity Co. to build

FIRST SOLAR INDEPENDENT POWER PRODUCER IN KSA

TAQNIA ENERGY (TE) and King Abdulaziz City for Science and Technology (KACST) have signed a Memorandum of Understanding (MOU) with Saudi Electricity Company to build a 50 MW PV plant in Al-Aflaj (Layla Plant). The 50-MW solar facility will become the first solar Independent Power Producer (IPP) agreement in Saudi Arabia. The Agreement is to construct, operate and  maintain the independent power project for 25 years by TAQNIA ENERGY.

Layla Plant aims to increase the contribution in the local content, indigenizing technology and creating new job opportunities by using locally produced solar panels. The Photovoltaic (PV) modules will be supplied locally from KACST PV solar module production line. TE aims to increase the local content and to contribute to the know-how transfer and job creation.

The project will help to save 4 million barrels of high-cost diesel fuel, and limit harmful and toxic gases emission, by 1.7 million tons of CO2.

There is a marked increase in solar energy projects in the global energy market, but are at an early stage in KSA. Thus, we believe this project is going to pave the road for solar project in the Kingdom, to encourage the movement toward creating a sustainable energy industry that is contributing to the GDP. By successfully implementing the project, TE will have contributed in the facilitation of the development for renewable energies, since we are now going through new development experience in the country (getting permits, industrial licensing, finalizing solar PPA, and local funding … etc.).