Multiply Group acquires 80% of International Energy Holding
Abu Dhabi-based holding company Multiply Group has acquired 80 percent of International Energy Holding LLC. Through this new venture, Multiply Group is planning to continue expansion and investments in energy and utilities. IEH owns a PV power plant with a capacity of 1,347.734 megawatt peak/1,000 megawatt electric in Konya’s Karapinar region. This facility alone will meet the annual electrical needs of approximately 2 million people when it is completed in 2023. Additionally, IEH also owns wind farms in Turkey which they plan on expanding, and secures IEH position as a leading clean and renewable energy company.