星期三, 3月 3, 2021
Home PV News Saudi’s APICORP goes green, inks solar agreements with Dubai’s YDE

Saudi’s APICORP goes green, inks solar agreements with Dubai’s YDE

The project will cut APICORP’s carbon emissions by 2,000 tonnes; generate 718MWh of clean energy; reduce consumption by 35%

Dammam-headquartered Arab Petroleum Investments Corporation (APICORP), which is a multilateral development financial institution, has inked two agreements with Dubai-based sustainable energy solutions provider Yellow Door Energy (YDE) to install solar panels at APICORP’s headquarters and retrofit the building with energy-efficient technologies.

The agreements mark YDE’s first project in Saudi Arabia, demonstrating the company’s continued growth in the region.

Due to be completed by end-2020, the project is expected to cut APICORP’s carbon emissions by 2,000 tonnes; generate up to 718MWh of clean energy; and significantly reduce energy consumption by 35%.

YDE’s energy efficiency solutions at the APICORP headquarters will include retrofitting and optimising the air conditioning and chiller systems, as well as installing over 3,500 LED light bulbs with smart controls.

The Dubai firm will also install a 4,300m2 rooftop solar plant, fitted with a customised mounting structure to accommodate the roof’s wave design.

Commenting on the agreement, the chief executive officer of APICORP, Dr Ahmed Ali Attiga, said: “By investing in green initiatives, we hope to lead by example and contribute in a tangible and impactful way to making this planet a better place to live for future generations.”

The CEO and co-founder of Yellow Door Energy, Jeremy Crane, added: “Our solar lease and shared energy savings contracts with APICORP are our company’s first of hopefully many projects in the Kingdom. We congratulate APICORP on this forward-thinking initiative and sustainability leadership.”

Saudi Arabia’s Ministry of Energy is pursuing a renewable energy strategy that includes plans to add 60GW of clean energy capacity to the national grid by 2030. Of this, 40GW will come from solar photovoltaic plants, 16GW from wind turbines, and 2.7GW from concentrated solar power (CSP).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

ComEd report finds investments in residential solar, energy efficiency benefit all customers

ComEd this week reported to the Illinois Commerce Commission (ICC) that residential customers are receiving savings and clean energy benefits from the Future Energy...

New Solar Access Act aims to implement automated solar permitting in most California cities

Senator Scott Wiener (D-San Francisco) introduced SB 617, the Solar Access Act. SB 617 implements automated solar permitting in local jurisdictions with over 10,000...

Biden administration restores amendments to Desert Renewable Energy Conservation Plan

California Energy Commissioner Karen Douglas released the following statement in response to the U.S. Department of Interior’s decision to revoke amendments to the Desert...

Missouri legislature considers taxing solar-powered households and businesses

The Missouri Solar Energy Industries Association (MOSEIA) announces that the state’s upcoming HB539 and SB178 bills, which seek to modify the state’s net-metering program,...