Expanding Solar Leases in Saudi Arabia with Yellow Door Energy
Yellow Door Energy, a prominent solar developer in the Middle East, has significantly expanded its presence in Saudi Arabia by signing four new solar leases with leading companies: Al Watania Plastics, Al Jabr Holding, and Al Jabr Trading. This move comes amidst 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, projected to reach \$7.72 billion by 2030, according to a report on PVKnowhow.
The installation at Al Watania Plastics 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, equivalent to removing 300 fuel-burning cars from the roads.
Abdullah Al-Otaibi, General Manager of Al Watania Plastics, emphasized the company’s dedication to sustainability, stating, “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 Leases in Saudi Arabia Support 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 aligns with the broader Saudi Green Initiative, focusing on increasing renewable energy sources and mitigating carbon emissions. These efforts mirror 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 commitment to broader accessibility is crucial, as evidenced by the increasing demand for off-grid energy storage solutions, like the Sungrow project reported by PVKnowhow.
Yellow Door Energy’s Commitment to Solar Leases in Saudi Arabia
Yellow Door Energy has a proven track record, developing and operating over 350 megawatts of solar projects across the Middle East and Africa. The company is dedicated to providing 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 represent a significant step forward for Yellow Door Energy and its partners. By collaborating with major corporations, the company actively contributes to Saudi Arabia’s Vision 2030 and the global pursuit of a cleaner, more sustainable future.