Tawazun Industrial Park and Yellow Door Energy ink deal for 4.4MW solar project
Tawazun Industrial Park (TIP) has inked a lease agreement with Yellow Door Energy for the development of a 4,382kW solar park project. Construction of the project is expected to begin in the second quarter of 2023, and the project is expected to be operational by the end of 2023.
Over 7,600 solar panels will be installed for both rooftop and carport applications; once completed, the solar park is expected to produce 7.1m KW/h of clean energy in the first year of operation, which is equivalent to reducing carbon emissions by 5,000 metric tonnes, the statement noted.
The TIP move comes as part of its celebration of ‘Year of Sustainability’ in UAE and in line with COP28’s objectives.
The agreement was signed by Faiz Saleh Al Nahdi, Managing Director and CEO of TIP, and Jeremy Crane, CEO of Yellow Door, in the presence of several senior officials from both sides at the Tawazun Council Chalet at IDEX.
In early June 2021, Majid Al Futtaim and Yellow Door Energy signed an agreement to build Bahrain’s largest private solar plant.
Shareef Hashim Al Hashmi, CEO of the Tawazun Council and Chairman of TIP, pointed out that sustainability was fundamental to the council and the Park’s strategies and operations.
He explained, “The initiative taken by TIP to expand the usage of renewable energy demonstrates our dedication to supporting the UAE’s Net Zero by 2050 Strategy Plan and our keenness to strike a balance between industrial and technological progress and sustainable development.”
Al Nahdi added, “As the region’s premier defense and security park, we value security of all aspects and energy security is an integral part of our ethos. The 4.4MW solar lease with Yellow Door Energy will enable us to secure our energy supply from a clean and reliable source of electricity, lower our electricity bills and contribute to the Nation’s Clean Energy by 2050 Strategy.”
He noted that the plant project is a new milestone in the park’s sustainability strategy, promoting environmental preservation and reducing carbon emissions.
In late November 2021, Yellow Door Energy was awarded an ETG solar project in Dubai.
Crane remarked, “Yellow Door Energy is honoured to partner with TIP on this solar lease, in time to celebrate the Year of Sustainability and contribute to COP28’s objectives. Yellow Door Energy was founded in the UAE, and today we reaffirm our commitment to the nation by signing the solar lease in the capital.”
He concluded, “This is our first project in Abu Dhabi, and we look forward to providing more businesses in the emirate with affordable, reliable and sustainable energy for many years to come.”
In late October 2022, Yellow Door Energy said it would develop over $1bn in sustainable energy projects following a $400mn equity raise.
The post Tawazun Industrial Park and Yellow Door Energy ink deal for 4.4MW solar project appeared first on Middle East Construction News.
For Feedback and Comments, write to us on firstname.lastname@example.org