Tarshid is the National Energy Services Company, recently established by the Public Investment Fund to catalyze the development of a more energy efficient Saudi Arabia. The launch of Tarshid is a result of a collaborative effort between the Ministry of Energy, Industry and Mineral Resources, the Ministry of Finance and the Saudi Energy Efficiency Center. Tarshid aims to be a pioneer in the energy efficiency field and to build towards a more sustainable future. Tarshid has the mandate to develop, fund and manage impactful energy efficiency projects in government and commercial sectors that achieve significant energy savings for the Kingdom.
Tarshid invests and manages demand-side energy efficiency retrofit projects through state of the art solutions in both public and private domains.
Tarshid develops and implements energy retrofit projects for public and private buildings such as ministry headquarters, mosques, schools, hospitals and office towers.
Tarshid develops and delivers fully integrated LED conversion programs to retrofit street lights across the Kingdom and to explore other energy efficiency measures, in coordination with the municipalities, ministries and other development authorities.
Tarshid develops and promotes supply-side renewable energy solutions, such as rooftop solar PV to complement building energy efficiency measures.
How we do it
Tarshid has a team dedicated to sourcing projects with a strong potential for energy savings across the governmental and commercial sectors through a fair and transparent bidding process
Tarshid deploys capital directly into the projects that it invests in covering the upfront costs of energy efficiency measures by either utilizing its own capital or co-financing with other qualified partners. Our clients can reap the benefits of lower electricity bills without committing to any additional costs
Tarshid is not a passive investor. We take a hands-on leadership approach in our projects by providing active management throughout the entire project lifecycle. Our team continually ensures that risks are mitigated and that incentives are aligned