Alternative Energy Projects Company (Apeco) has signed an agreement with Kuwait-based United Real Estate Company (URC), through its subsidiary Marasi United, to develop a key solar power system at the Souk Sharq complex in Kuwait.

As per the deal, Apeco will deliver the engineering, procurement and construction (EPC) services as well as 15 years of operations and maintenance at the complex.

On the project, Apeco said the installation will total 8.77MW of photovoltaic capacity, spread across rooftop and carport structures at one of Kuwait’s busiest commercial destinations. 

The deal supports New Kuwait Vision 2035, which targets 15% renewable energy in the national mix by 2030, it added.

"This partnership with United Real Estate Company represents a promising model of strategic collaboration between Kuwait’s private sector institutions," remarked its CEO Dr Hassan Qasem.

"The project is expected to avoid 189,000 metric tonnes of CO2 emissions over its operating life. By combining rooftop and carport arrays, the design uses existing built space rather than open land, which suits a dense commercial site," he stated.

Apeco expects the system to generate clean electricity equivalent to the annual consumption of about 110 homes, he added.

Mishari Suleiman Al Muhailan, the Group CEO of United Real Estate Company, said: “This project forms part of our strategic vision to integrate sustainability across our operations."

The solar installation represents a significant step toward expanding renewable energy adoption in Kuwait’s commercial real estate sector, he noted.

By integrating clean energy into a major retail and waterfront complex, the project is expected to reduce reliance on conventional electricity while supporting the country’s long-term sustainability goals, he added.