Altaaqa Global
Altaaqa Global, a Dubai-based Zahid Group subsidiary founded in 2012, designs, installs, operates, and maintains turn-key modular multi-megawatt power plants for data centers, oil & gas, mining, manufacturing, and utilities across emerging markets and the U.S.
- Company typePrivate
- Founded2012
- HeadquartersDubai, United Arab Emirates
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Altaaqa Global does
Altaaqa Global (legal entity: Altaaqa Alternative Solutions Global FZE) is a Dubai-based, wholly-owned subsidiary of Saudi conglomerate Zahid Group that designs, installs, operates, and maintains turn-key multi-megawatt modular power plants for enterprise and industrial customers. Founded in 2012 and operating from a 51–100 employee base, the company specializes in scalable, gas-based modular and mobile power generation systems that can be deployed rapidly — including 40 MW commissioned in 27 working days for the Makat data center in Kazakhstan and 50 MW installed in 21 days in Cameroon. Its technology stack comprises modular gas gensets packaged for transport to remote sites, hybrid configurations combining thermal generation with PV and battery storage, and island-mode (grid-independent) operation capability for mission-critical loads.
The company monetizes power through three contractual structures: temporary/bridging rental for emergency or supplemental power, Build-Own-Operate-Transfer (BOOT) multi-year contracts under which the client assumes ownership of the plant at contract end with no upfront capital outlay, and hybrid power-as-a-service agreements. Go-to-market is sales-led and direct-to-enterprise, targeting IT and data centers, oil and gas, mining, manufacturing, utilities, and energy investors across 15+ countries spanning Africa, Latin America, the Middle East, Eurasia, South Asia, and — as of February 2026 — the United States via a strategic cooperation with Prismecs LLC. The company is part of Zahid Group's Energy vertical alongside sister firms Greencells (European solar IPP), Altaaqa Renewables, OMAS, Safeer (PV JV with TotalEnergies), and Altaaqa EV (EV charging JV with TotalEnergies). Revenue and financial performance are not publicly disclosed.
Altaaqa Global firmographics
Firmographics- Name
- Altaaqa Global
- Legal name
- Altaaqa Alternative Solutions Global FZE
- Website
- https://altaaqa-global.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Altaaqa Global, a Dubai-based Zahid Group subsidiary founded in 2012, designs, installs, operates, and maintains turn-key modular multi-megawatt power plants for data centers, oil & gas, mining, manufacturing, and utilities across emerging markets and the U.S.
- Ownership category
- akta.pro rank
Altaaqa Global industry classification
Industry- Product category
- Power Plant Services
- NAICS
- Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Services, Nec (1389), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Utility-Scale Power Generation Asset Management (EUAEAMAA)
- akta.pro secondary industries
- Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)
Keywords
Where Altaaqa Global is headquartered
LocationHeadquarters
- HQ city
- Dubai
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Altaaqa Global business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Turn-key Power Plant Services: Full lifecycle power plant services including design, mobilization, installation, operation, maintenance, and decommissioning. Revenue generated through contractual arrangements including temporary/bridging power contracts and BOOT (Build, Own, Operate, Transfer) models where clients avoid upfront capital investment and pay predictable monthly payments once power generation starts.
- BOOT Contract Model: Build-Own-Operate-Transfer contracts for short and medium-term power projects. Clients gain ownership of power plants at contract end without capital investment or upfront payments. Costs are levelized over the contract lifetime, providing CAPEX-free investment opportunities in the energy sector.
- Rental Power Plants: Flexible and scalable temporary and bridging power plants offered on rental basis to support emergency situations, backup grid support, or supplement renewable energy sources.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom turn-key power solutions with flexible contractual arrangements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Altaaqa Global product offering
Product offeringCore offering
Altaaqa Global designs, installs, operates, and maintains turn-key multi-megawatt power plants delivered as fully-managed services under flexible contractual arrangements. Core offerings include temporary/bridging power plants for emergency or supplemental needs, BOOT (Build-Own-Operate-Transfer) contract power plants for CAPEX-free investment, and hybrid power plants combining thermal generation with renewable energy systems. Services span the entire project lifecycle from design and mobilization through installation, operation, maintenance, and decommissioning, targeting enterprise clients in IT, data centers, mining, oil & gas, manufacturing, and utilities.
Product overview
Altaaqa Global provides cost-effective turn-key multi-megawatt power solutions globally. The company operates three core service offerings: Temporary/Bridging Power Plants for emergency and supplemental power needs, Power Plants on BOOT Model for clients who prefer not to make capital investments and will own the plant at contract end, and Hybrid Power Plants combining thermal and renewable energy systems for sustainability. Services span the full project lifecycle from design through mobilization, installation, operation, maintenance, and decommissioning.
Differentiator
Problem solved
Functional benefit
Products and services
- Temporary/Bridging Power Plants Flexible and scalable temporary and bridging power plants designed to support emergency situations, back up the grid, or supplement renewable energy sources. Targeted at utilities, data centers, and industrial operators requiring rapid supplemental or backup power.
- Power Plants on BOOT Model Build-Own-Operate-Transfer (BOOT) contracts for short and medium-term power projects where Altaaqa Global finances, builds, owns, and operates the power plant during the contract term, transferring ownership to the client at contract end without requiring capital investment, upfront, or balloon payments. Targeted at clients and investors seeking CAPEX-free power assets with levelized costs over the contract lifetime.
- Hybrid Power Plants Power solutions combining thermal power plants with renewable energy systems (PV solar and battery storage) to deliver cost savings, lower emissions, and supply stability. Targeted at industrial operators, utilities, and data center clients seeking reliability paired with sustainability.
Quantifiable outcome
- 90 MW of data center projects delivered in Eurasia
- +4 more outcomes
Companies that use Altaaqa Global
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles5 records
Altaaqa Global technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Altaaqa Global partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Prismecs LLCcoreStrategic cooperation between Altaaqa Alternative Solutions Global FZE and Prismecs LLC to jointly pursue modular and turnkey power generation opportunities across the United States. The collaboration combines Altaaqa Global's gas-based modular power generation assets and rapid deployment capabilities with Prismecs' U.S.-based engineering, project execution, and operations capabilities. The partnership addresses growing demand in grid-constrained, infrastructure-intensive, and mission-critical environments, particularly in data centers and commercial & industrial sectors.
- Greencells GroupcoreGreencells Group is one of Europe's largest providers of utility-scale solar plants with 2.5 GW of installed capacity. As a sister company under Zahid Group - Energy, Greencells focuses on delivering specialized solar energy solutions to global clientele and participates in joint industry events with Altaaqa Global.
- CaterpillarminorCaterpillar participates alongside Altaaqa Global and sister company Greencells in industry events, including leading interactive boardrooms at the Powering Africa Summit and Latin America Energy Forum.
Scale indicators11 records
Recent moves5 records
Expansion highlights5 records
Altaaqa Global competitors and assessment
Company assessmentDirect peers
- Karpowership (Karadeniz Holding): Karpowership delivers mobile, floating and land-based power plants (powerships) under long-term BOOT/PPA contracts, particularly to African, Middle Eastern and Caribbean utilities. Directly comparable mobile/BOOT power model serving similar emerging-market customers.
- Aksa Power Generation: Turkish manufacturer and provider of modular/towable generator sets and rental power plants serving emerging markets including Africa and the Middle East. Overlaps with Altaaqa's modular gas/diesel turnkey offering and rental model.
- Aggreko: Aggreko is the global benchmark for temporary and modular multi-MW power, providing rental and BOOT-style power plants to utilities, events, mining, oil & gas and data centers. Closest direct competitor in fleet-based turnkey mobile power.
Broad incumbents
- Caterpillar Energy Solutions: Caterpillar is a leading OEM of gas and diesel generator sets and containerized power solutions, and a named partner of Altaaqa. Overlaps on modular gas power equipment and EPC delivery but operates primarily as an equipment supplier rather than fleet operator.
- Cummins Power Generation: Cummins manufactures diesel and gas generator sets and modular power systems used in temporary, data center and microgrid applications. Comparable modular power equipment supplier with growing services business in adjacent segments.
- Wärtsilä Energy: Wärtsilä supplies flexible gas engine power plants, energy storage and grid services, increasingly marketed as modular and grid-balancing solutions. Comparable gas-based modular power and lifecycle services, though broader portfolio and OEM-led.
Emerging players
- Enerwhere: UAE-based provider of hybrid solar-diesel-battery temporary power solutions for construction, mining and industrial sites in emerging markets. Highly comparable emerging-market hybrid modular power focus, though smaller scale.
Others
- APR Energy (now part of GE Vernova / former): APR Energy was historically a direct competitor in large-scale temporary and BOOT power plants before being acquired. Its business model is the closest historical analogue to Altaaqa's modular MW-scale rental/BOOT power plants.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Altaaqa Global social profiles
Digital presenceAltaaqa Global financial estimates
Financial estimateRevenue estimate
Valuation estimate
Altaaqa Global leadership team
Management profileNumber of profiles
Profiles3 records
Altaaqa Global funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Altaaqa Global M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Altaaqa Global
What does Altaaqa Global do?
Altaaqa Global designs, installs, operates, and maintains turn-key multi-megawatt power plants delivered as fully-managed services under flexible contractual arrangements. Core offerings include temporary/bridging power plants for emergency or supplemental needs, BOOT (Build-Own-Operate-Transfer) contract power plants for CAPEX-free investment, and hybrid power plants combining thermal generation with renewable energy systems. Services span the entire project lifecycle from design and mobilization through installation, operation, maintenance, and decommissioning, targeting enterprise clients in IT, data centers, mining, oil & gas, manufacturing, and utilities.
Is Altaaqa Global a public or private company?
Altaaqa Global is a private company. It is classified as corporate owned and is currently operating.
When was Altaaqa Global founded?
Altaaqa Global was founded in 2012. It employs 51 to 100 people.
Where is Altaaqa Global based?
Altaaqa Global is headquartered in Dubai, United Arab Emirates, in the Middle East region.
How does Altaaqa Global make money?
Three revenue lines are on record. Turn-key Power Plant Services are the primary driver. The others are BOOT Contract Model and rental Power Plants.
Who are Altaaqa Global's main competitors?
Direct peers on record are Karpowership (Karadeniz Holding), Aksa Power Generation and Aggreko. Broad incumbents are Caterpillar Energy Solutions, Cummins Power Generation and Wärtsilä Energy. Enerwhere is listed as an emerging player. APR Energy (now part of GE Vernova / former) is listed as an others.
Does Altaaqa Global have an API?
No public API is recorded for Altaaqa Global.
What industry is Altaaqa Global in?
Altaaqa Global's product category is Power Plant Services. Its primary akta.pro industry code is EUAEAMAA, Utility-Scale Power Generation Asset Management, with a secondary code of EUACABAJ, Gas-Fired Power Plant O&M and Life-Extension/Repowering Services. Its NAICS code is 22111 and its SIC code is 4991.