Middle East- and India-based retail and hospitality conglomerate Landmark Group, in the Middle East and India, has inked an 2.6MW peak solar agreement with UAE-based sustainable energy provider Yellow Door Energy and AMANA Investments to power the group’s $272.3m (AED1bn) OMEGA DC Warehouse in Jebel Ali Free Zone (JAFZA).
The agreement is a first joint venture between Yellow Door Energy and AMANA Investments, a part of AMANA Group. Landmark Group’s OMEGA DC is a certified ‘Green’ distribution centre.
As part of the contract, over 6,000 solar panels will be installed to generate 4,200MWh of clean energy annually, which is equivalent to reducing carbon emissions by 1,700 tonnes or removing 380 cars from the road.
Construction on the solar plant is expected to start in late 2020 and is anticipated to be completed by the spring of 2021.
Talking about the deal, group CFO of Landmark Group, Rajesh Garg, said: “This solar agreement with Yellow Door Energy and AMANA Investments enables us to switch to clean energy, and expand our solar ambition, which in turn helps us become more cost-competitive and innovative as a business.”
Meanwhile, CEO and co-founder of Yellow Door Energy, Jeremy Crane, said: “We encourage businesses in JAFZA to consider solar as a viable option to reduce costs and save the environment.”
On the other hand, president and CEO of AMANA Investments, Riad Bsaibes, said that the solar plant will power Landmark Group’s facility that was built by the company two years ago.
Yellow Door Energy and AMANA Investments are responsible for investing in, designing, building, commissioning, operating, and maintaining the solar plant for the duration of the agreement.
This information has been sourced from ConstructionWeekOnline. All rights and opinions thereof belong to the original source author/publisher. WASEL&WASEL does not purport to be affiliated with the news, its persons, or interests in any way unless explicitly stated so.
To request our assistance, please contact one of our Professionals.