Aldar Properties (Aldar) has partnered with Yellow Door Energy, a leading sustainable energy organization, to bring solar power to 45 properties across the UAE.
This move intends to support the UAE Net Zero by 2050 Strategic Initiative and Abu Dhabi’s 2030 Energy Strategy. The partnership between Aldar and Yellow Door Energy was formalized on the sidelines of COP28.
This transition to solar power will prioritize the use of on-site clean energy generation as part of Aldar’s Net Zero Plan, a commitment launched in January 2023 to decarbonize its business and assets by 2050. To significantly reduce Aldar’s operational carbon footprint requires a successful energy transition based on cross-sector collaboration and responsible investing to create long-term value.
Rory McCarthy CCO – Yellow Door Energy
“I am honored to announce my support for Aldar on this part of its sustainability journey towards Net Zero during COP28. For close to a decade, Yellow Door Energy has been helping leading UAE businesses reduce their energy costs and progress towards their sustainability goals, all without any of their capital investment. At COP28, I’m excited to see motion translated into action, and today’s signing ceremony with Aldar showcases our commitment to unite, act, and deliver.”
The solar systems used as part of this project will be financed, designed, built, operated, and maintained by Yellow Door Energy across 45 of Aldar’s assets in retail, education, and hospitality for the next 20 years. Using rooftop, carport, and ground-mount solar photovoltaic (PV) applications, the clean energy systems have a capacity of 34 megawatts, contributing to cost savings and operational resiliency.
Ms. Salwa Al Maflahi, Aldar’s Director of Sustainability and Community Outreach, said that, “The real estate sector plays a critical role in transitioning the power used in properties to be more sustainable. By harnessing solar, one of the UAE’s natural resources, our partnership with Yellow Door Energy supports this transition while also reducing energy costs and fostering energy technology in the UAE. At Aldar, we continue to find ways to progress towards our net zero ambition and promote greener places.”
Thank you very much for choosing GCC Business News to be an important part of your professional life. You will receive a confirmation e-mail. Please check SPAM or UPDATES folder
