Kuwait's EnerTech KSCC invests in Morgan Solar
Canadian solar energy technology company Morgan Solar Inc has entered into an undisclosed strategic investment and partnership agreement with Kuwait-based EnerTech Holding Company KSCC. Under the agreement, EnerTech will invest in the company and transfer technology and know-how to Kuwait and the region by establishing local manufacturing and assembling facilities for Morgan Solar's platform. Founded in 2007, the Toronto-based Morgan Solar is backed by a number of energy businesses, including Enbridge Inc, and private equity and venture capital firms, including U.S.-based Turnstone Capital Management. EnerTech was formed recently by the Kuwait Investment Authority to invest in and develop clean technologies.
1 May 2014•4 mins read
