Spectrum Renewable

Amman, Jordan Founded: 2012 • Age: 14 yrs Acquired By Amarenco
EPC and maintenance services for solar PV systems are offered.
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About Spectrum Renewable

Spectrum Renewable is a company based in Amman (Jordan) founded in 2012 by Saif Saleh was acquired by Amarenco in May 2023.. Spectrum Renewable operates in a competitive market with competitors including EJRE, Idhal Solar, Perfect Source For Renewable Energy, Kawkabuna and Nebrass Renewable Energy Company, among others.

  • Headquarter Amman, Jordan
  • Founders Saif Saleh
  • Sectors
    Energy & Utilities
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Energy & Utilities → Renewable & Clean Energy
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    Amarenco

    (May 02, 2023)

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Funding Insights of Spectrum Renewable

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Spectrum Renewable

Spectrum Renewable has secured backing from 1 investor. Prominent investors backing the company include Amarenco. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Independent solar power is produced and developed by Amarenco.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Spectrum Renewable

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Spectrum Renewable

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Spectrum Renewable Comparisons

Employees
+
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Competitors of Spectrum Renewable

Spectrum Renewable operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as EJRE, Idhal Solar, Perfect Source For Renewable Energy, Kawkabuna and Nebrass Renewable Energy Company, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Renewable Energy developer
domain founded_year HQ Location
Develops innovative technologies for solar energy power projects.
domain founded_year HQ Location
Perfect Source For Renewable Energy produces solar energy solutions.
domain founded_year HQ Location
Kawkabuna provides comprehensive solar panel installation services.
domain founded_year HQ Location
Serves as a full-service provider for solar energy projects, from planning to implementation.
domain founded_year HQ Location
Provides energy auditing services and develops solar and wind energy projects.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Spectrum Renewable

Frequently Asked Questions about Spectrum Renewable

When was Spectrum Renewable founded?

Spectrum Renewable was founded in 2012.

Where is Spectrum Renewable located?

Spectrum Renewable is headquartered in Amman, Jordan.

Who is the current CEO of Spectrum Renewable?

Tarek Arikat is the current CEO of Spectrum Renewable.

What does Spectrum Renewable do?

Spectrum is a subsidiary of Eqbal Group which offers designing, engineering, procurement, commissioning and operation maintenance services for solar PV systems. They have installed a 13MW power plant in Jordan, a 25MW power plant in Egypt, a 3.65MW power plant for the commercial bank of Jordan, and a 1.68MW power plant in Wadhi AL-Esh region etc. They claim to have around 20MW power plants under development and are aiming to increase this number by the end of 2017.

Who are the top competitors of Spectrum Renewable?

Spectrum Renewable's top competitors include EJRE, Idhal Solar and Perfect Source For Renewable Energy.

Who are Spectrum Renewable's investors?

Spectrum Renewable has 1 investor. Key investors include Amarenco.

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