The new partnership with Emerge will have 30-year duration and provide turnkey solutions for every aspect of set-up, delivery and operation
Abu Dhabi-based Miral has signed an agreement with Emerge, a joint venture (JV) between the UAE’s Masdar and France’s EDF, to develop a 524-kilowatt peak (kWp) solar photovoltaic (PV) project in Yas Bay Waterfront. The project is designed to offset 450t of CO2 emissions per year.
The new solar project will feature the installation of 920 solar modules at Yas Bay waterfront, providing sustainable energy support, with Emerge delivering a comprehensive turnkey solution, including finance, design, procurement, construction, operations, and maintenance of the solar modules for a duration of 30 years.
This marks the third collaboration between Miral and Emerge, and the second this year – in March, Miral Group inaugurated Abu Dhabi’s largest solar rooftop project at Warner Bros. World Abu Dhabi. The green energy project incorporated approximately 16,000 solar modules across the theme park’s roof area of 36,000sqm, producing nearly 40% of its annual energy demand and holding an impressive 7-megawatt peak (MWp) capacity.
In 2022, Miral and Emerge also signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park with a capacity of 8.4 megawatts (MW).
“We are delighted to join forces with Emerge once again to implement this innovative solar project at Yas Bay, as part of our commitment to the UAE’s strategic initiative to achieve Net Zero by 2050. This project will set a benchmark in supplying clean energy to power Yas Bay and further position Yas Island as a top global destination. Guided by an unwavering commitment to sustainability, this partnership represents our dedication to prioritising sustainable practices and incorporating renewable energy elements across our destinations,” stated Jonathan Brown, Chief Portfolio Officer, Miral.
Emerge was formed in 2021 to develop distributed solar, energy efficiency, street lighting, battery storage, off-grid solar, and hybrid solutions for commercial and industrial clients. As an energy services company, Emerge offers clients full turn-key supply and demand-side energy management solutions through solar power agreements and energy performance contracting at no up-front cost to the client.