4 New Solar leases Saudi Arabia: Impressive Power Deals

Yellow Door Energy Expands Solar Leases in Saudi Arabia

Yellow Door Energy, a leading solar developer in the Middle East, is expanding its presence in Saudi Arabia, signing four new solar leases with major companies: Al Watania Plastics, Al Jabr Holding, and Al Jabr Trading. This expansion coincides with a surge of investment in solar energy within the Kingdom, as highlighted by recent project agreements detailed on PVKnowhow.

The new solar projects include a 2.2 MWp system at Al Watania Plastics, a 1.8 MWp system at Al Jabr Trading’s Toyota showroom, and two systems at Al Jabr Holding’s PepsiCo bottling plants, totaling 2.7 MWp. These projects contribute to the growing Saudi Arabian solar market, which is projected to reach \$7.72 billion by 2030, according to a report on PVKnowhow.

At Al Watania Plastics, the new installation alone is expected to generate over 3.5 million kilowatt-hours (kWh) of clean energy annually. This will meet 40% of the factory’s energy needs and reduce CO2 emissions by 1,500 tonnes each year—the equivalent of removing 300 gasoline-powered cars from the road.

Abdullah Al-Otaibi, General Manager of Al Watania Plastics, emphasized the company’s dedication to sustainability: “Our company is committed to sustainability and energy efficiency, and we believe solar energy is a key enabler for our vision. We are delighted to partner with Yellow Door Energy for this groundbreaking project, which will help us reduce costs, improve energy efficiency, and reduce our carbon footprint.”

Solar Projects Support Saudi Arabia’s Vision 2030

The partnership between Al Watania Plastics and Yellow Door Energy directly supports Saudi Arabia’s Vision 2030, a national initiative aimed at diversifying the economy and reducing the country’s dependence on oil. This move also aligns with the broader Saudi Green Initiative, which focuses on increasing renewable energy sources and mitigating carbon emissions. These efforts reflect a global trend towards sustainable development, as highlighted by PVKnowhow’s coverage of major solar project agreements in Saudi Arabia.

Aly El-Shorbany, Country Director for Yellow Door Energy in Saudi Arabia, commented on the importance of these projects: “As the Kingdom’s leading solar developer, our goal is to deploy 150 megawatts-peak (MWp) of solar energy over the next five years. We thank Al Watania Plastics, Al Jabr Holding, and Al Jabr Trading for their trust and support. Together, we are making solar energy accessible to businesses of all sizes.” This focus on accessibility is crucial amid increasing demand for off-grid energy storage solutions, like the Sungrow project reported by PVKnowhow.

Yellow Door Energy’s Growing Regional Impact

Yellow Door Energy has a proven track record, with over 350 megawatts of solar projects developed and operated across the Middle East and Africa. The company provides businesses with clean energy solutions that deliver financial savings, enhanced energy efficiency, and environmental sustainability. With a growing presence in Saudi Arabia, the United Arab Emirates, Jordan, Egypt, and South Africa, Yellow Door Energy continues to be a leader in the transition to clean energy. Their work complements other large-scale solar initiatives in the region, such as ACWA Power’s Al-Shuaibah 1 Solar Park, covered by PVKnowhow.

These new solar leases in Saudi Arabia are a significant step forward for Yellow Door Energy and its partners. By collaborating with these major corporations, the company is actively contributing to Saudi Arabia’s Vision 2030 and the global pursuit of a cleaner, more sustainable future.