Arabian Industrial Gases and Yellow Door Energy sign 20-year solar lease
Yellow Door Energy to install and operate rooftop 850MWh solar plant
Sustainable energy solutions provider Yellow Door Energy will provide solar power for Arabian Industrial Gases’ manufacturing facility in Dubai Investments Park, after the two companies signed a 20-year lease agreement yesterday.
This is Yellow Door Energy’s 10th solar lease in Dubai under the Shams Dubai net metering scheme started by the Dubai Electricity and Water Authority (DEWA). As the solar lease provider, Yellow Door Energy will finance, design, build, operate and maintain the solar plant for the next 20 years, after which the plant will belongs to Arabian Industrial Gases.
According to Yellow Door Energy, the rooftop solar PV plant will generate over 850MWh of clean energy in its first year of operation, enough to power 40 Dubai homes for a year. Switching to solar power will also help Arabian Industrial Gases reduce CO2 emissions by almost 500 tons per year.
“As a world-class industrial and medical gas company operating across 12 countries with a strong presence across the GCC, our decision to go solar at our Dubai-based facility was driven by our desire to help build a sustainable environment within the communities in which we operate,” said Sami Huneidi, GM, Arabian Industrial Gases, a subsidiary of the Gulf Cryo Group. “Yellow Door Energy’s solar lease provided us with the platform to address our sustainability goals, while reducing our utility bills in a competitive environment with rising costs. It was an easy decision to make.”
Jeremy Crane, CEO and co-founder of Yellow Door Energy, added: “We’re proud to be working with Arabian Industrial Gases and look forward to forging a close relationship with the team. We hope that other manufacturers will follow their lead in joining the solar transition.”
The solar installation represents another important success under the Shams Dubai initiative, launched by DEWA to encourage the adoption of solar energy generation in buildings and move the emirate closer to achieving the Dubai 2050 Clean Energy Strategy.
