This is the first fully financed solar rooftop project for the residential sector in the Middle East
UAE-based SirajPower has announced that it has inked a deal with Al Khail Heights and Green Coast Real Estate – Mirdif Villa Complex that will result in a total 3MWp system capacity, and generate 5GWh of annual energy production. This will displace more than 3,000 metric tons of CO2 emissions per annum, corresponding to approximately 450 million smartphones being charged.
According to a statement from the company, the partnership is its second most important project in the residential sector this year. It added that to implement this project, the company benefitted from a fully integrated leasing model which eases energy expenses and can help mitigate the economic impact of the current crisis.
Under the terms of the agreement, SirajPower will provide the design, construction, installation, commissioning, operation, maintenance, and financing that will allow the business to work with a single point of contact throughout the whole journey of their energy ambitions.
Laurent Longuet, CEO at SirajPower, said: “As a company, we are proud to be part of a local family business that has always played an important role to help the community and that has been able to support the development of the long-term green vision of our leadership.”
“With the successful implementation of this project, we proved that a fully financed solar model is now becoming a reality in Dubai and the Middle East. Our team’s tireless efforts, level of expertise and experience are market-leading. As a result, SirajPower became the first and only fully comprehensive distributed solar energy company in the region that can provide a ‘commercial’ solar leasing solution for the residential market.”
According to the latest report from IRENA, renewable energy could power an economic recovery from COVID-19 by spurring global GDP gains of almost $100tn between now and 2050. An accelerated investment in renewable energy could generate significant economic benefits while also helping to address global climate emergency, the locally-owned company added.
Meanwhile, Mansoor Hussain, CEO at Green Coast Real Estate said: “SirajPower’s unique and innovative leasing model is a game-changer and we believe that their services will further contribute to the development of the local and regional solar market. What has been key for us is that they have been able to demonstrate data and evidence showing costing impacts which are essential to shift attitudes in the market.”
Zubair Patni, Director at Al Khail Heights, added that they selected SirajPower as their green partner of choice for its proven added value they have provided to other businesses.
“We proudly embark with them and the guidance of our wise leadership in their path to support the long-term Green Economy for Sustainable Development initiative,” he added.
SirajPower stated that its portfolio is witnessing a steady growth in the region with over 50MWp already under operations, further strengthening the company’s leading position in distributed solar energy.