AEPCo — Alternative Energy Projects Company

Alternative Energy Projects Co. (AEPCo.) is a Kuwaiti based company established with the aim of making innovative, renewable energy solutions readily available in the MENA markets.

Capacity Today

Generating 750 MW+, building 2,500 MW+ more.

OperationalPipeline
750 MW operational 2,500 MW in development3,250 MW total programme

The AEPCo Standard

Bankable structures. Lender-grade delivery. Long-term operations.

Capital

Institutional-grade structures designed for long-term lenders and offtakers.

Execution

Single delivery standard from origination through twenty-five years of operations.

Region

Headquartered in Kuwait with active execution across the MENA region.

Featured Projects

From utility-scale solar to commercial generation.

View all projects
Ibri II utility-scale solar PV plant in Oman
Operational

Spotlight Project

Ibri II Solar Project

Ad-Dhahirah, Ibri, Sultanate of Oman500+ MWp-ac / 600 MWp-dc

Utility-scale solar PV plant in Ad-Dhahirah supplying clean power to the Omani national grid under a long-term offtake agreement with OPWP.

View case study

Regional Footprint

Active across the MENA renewable corridor.

Operating assets and active development across four core markets, with selective pipeline expansion across the broader region.

  • Kuwait City, Kuwait

    Headquarters · C&I solar · carports

    Operational
  • Amman, Jordan

    C&I solar · wheeling · utility pipeline

    Operational
  • Jeddah, Saudi Arabia

    1.5 MWp rooftop solar

    Operational
  • Riyadh, Saudi Arabia

    PV-diesel hybrid carport

    Operational
  • Ibri, Oman

    500+ MWac utility solar

    Operational
Kuwait CityAmmanJeddahRiyadhIbri
OperationalIllustrative — see project library for precise locations
Sustainability

Delivering clean energy with measurable impact

AEPCo's sustainability framework spans environment, society and governance — ensuring our projects deliver long-term value for all stakeholders.

Clean Energy Generation

Displacing fossil generation with reliable, long-duration renewable assets across the region.

CO₂ Emissions Reduction

Each project contributes to measurable carbon savings over a 25-year operating life.

Local Community Impact

Engaging local supply chains, skills and stakeholders throughout project lifecycles.

Energy Cost Optimization

Long-term offtake structures that deliver predictable, competitive energy costs.

Reliable Infrastructure

Lender-grade design, construction and operations for two decades of dependable performance.

Leadership

Leadership with regional execution experience

Our team brings together experience across renewable energy development, EPC, finance, asset management and long-term project delivery.

Meet our team
Professional portrait of Mr. Haider Al-Zankawi, Board Chairman of AEPCo

Mr. Haider Al-Zankawi

Board Chairman

Professional portrait of Mr. Moustapha Chami, Vice Chairman of AEPCo

Mr. Moustapha Chami

Vice Chairman

Professional portrait of Dr. Hassan Qasem, CEO and Board Member of AEPCo

Dr. Hassan Qasem

Chief Executive Officer & Board Member

Professional portrait of Dr. Raed Bkayrat, Chief Development Officer of AEPCo

Dr. Raed Bkayrat

Deputy Chief Executive Officer

News & Insights

Perspectives from across the AEPCo platform

Selected updates, events and analysis from our development, investment and advisory teams.

All news
Souq Sharq waterfront complex in Kuwait City, planned site of the 8.77 MW rooftop and carport solar systemAnnouncements
3 min read

AEPCo to develop Kuwait's first private-sector solar project at Souq Sharq

AEPCo has signed an agreement with United Real Estate Company (URC), via its subsidiary Marasi United, to develop an 8.77 MW rooftop and carport solar system at Souq Sharq - believed to be the first project of its kind in Kuwait's private sector.

Read article
AEPCo team at a sustainable energy eventEvents
4 min read

AEPCo at Kuwait Sustainable Energy Week

AEPCo joined regional and global stakeholders to discuss the next phase of Kuwait's clean energy transition, with focus on bankable projects and offtaker readiness.

Read article
Solar PV array supplying clean energyInsights
5 min read

Solar lease models and renewable energy adoption in Kuwait

Solar lease and energy-as-a-service structures are unlocking renewable energy adoption for Kuwaiti corporates and public sector clients without upfront capital.

Read article
AEPCo project finance and development insightsInsights
6 min read

Building bankable renewable energy projects in MENA

What makes a renewable energy project bankable in MENA? AEPCo shares the development gates, contracting standards and operational discipline lenders look for.

Read article
AEPCo collaboration announcementAnnouncements
3 min read

AEPCo announces strategic collaboration

AEPCo continues to expand its network of regional and international partners — building the foundations for the next wave of MENA renewable energy projects.

Read article
Partner With AEPCo

Partner with AEPCo

Whether you are an offtaker, investor, lender, developer or public sector stakeholder, AEPCo is ready to support the next generation of renewable energy projects.