DUBAI, UAE, August 13, 2017 /PRNewswire/ --
As an
investor and owner-operator YDE
will manage the construction, operation and
maintenance of the solar plant for the next
15 years
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, announced today that they signed an agreement to install
a 205 kWp solar PV plant at Middle East Insulation's newest
facility in DIP, Dubai. Yellow
Door Energy 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 CO2 emissions by 244 tons
annually, which is equivalent to planting 6,320 tree seedlings per
year. Construction on the project will commence in August 2017 and the plant is expected to be
operational by the end of the year.
Mr. Hamad Al Ghurair, Chairman of
Middle East Insulation, said, "Changing to the green building
measurements 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."
The 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 7% renewable energy by 2020 and 15% by
2030.
About
Yellow Door Energy
Yellow Door Energy (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, UAE, YDE
identifies, finances and implements solar and energy efficiency
solutions that enable customers to save energy and reduce
electricity bills and carbon emissions.
The company was founded in 2015 with a vision to support the
region's transition to a sustainable energy future by making it
easier and more affordable for private and public organizations to
make the switch to solar.
About Middle East Insulation
Middle East Insulation was established in 1993 in Dubai, UAE. MEI is one of the leading
manufacturers of cladding systems and works closely with their
customers to ensure they deliver a quality product. MEI has built a
successful and profitable business by focusing on quality and
professionalism.
The reliability of a product is the top priority to MEI in any
of their business, from a simple warehouse to sophisticated
industrial complexes, malls, and hotels that require a high degree
of thermal insulation and high-quality finish. MEI offers complete
design, supply and installation services to meet all the roofing
and wall cladding for any size and type of project.
For media inquiries please contact:
Lee Bremer
lee.bremer@yellowdoorenergy.com
+971-4-454-3033