Monday 23 July 2018

YDE to build solar plant at Middle East Insulation

DUBAI, August 13, 2017

Yellow Door Energy (YDE), a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, and Middle East Insulation, a leading player in the UAE's cladding and roof industry, have signed an agreement to install a 205 kWp solar photovoltaic (PV) plant at Middle East Insulation's newest facility in Dubai Investment Park (DIP), Dubai, UAE.

YDE will manage the construction, operation and maintenance of the solar PV plant for the next 15 years.

As part of Middle East Insulation's commitment to transfer to green manufacturing activities, this system will provide 347,000 kWh of electricity per year and reduce carbon dioxide (CO2) emissions by 244 tons annually, which is equivalent to planting 6,320 tree seedlings per year, said a statement.

Construction on the project will commence in August 2017 and the plant is expected to be operational by the end of the year.

Hamad Al Ghurair, chairman of Middle East Insulation, said: "Changing to the green building requirements and reducing the CO2 emission is one of our commitments to our beloved city and planet, which we save no efforts to achieve."

Jeremy Crane, CEO of Yellow Door Energy, said: "The adoption of solar power by MEI, a leading roofing supplier, is a testament to how well solar integrates with their rooftops. We hope that many others will follow MEI's lead in this industry."

Rooftop solar PV installation represents another important success under the 'Shams Dubai' initiative, launched by the Dubai Electricity and Water Authority (Dewa) to regulate solar energy generation in buildings, and moves the emirate one step closer to achieving its vision of seven per cent renewable energy by 2020 and 15 per cent by 2030, the statement said.

YDE is a leading provider of lease-to-own solar energy solutions for commercial and industrial energy consumers in the Middle East and Africa. Headquartered in Dubai, YDE identifies, finances and implements solar and energy efficiency solutions that enable customers to save energy and reduce electricity bills and carbon emissions. - TradeArabia News Service

Tags: solar | PV |

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