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June 11, 2021

Private solar plant to be built for Bahrain Mall

Solar rooftop plant to generate 50% of Bahrain Mall's energy consumption needs.

By MEED   

United Arab Emirates (UAE) developer Majid al-Futtaim will install a 6MW solar plant at the Bahrain Mall.

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The real estate developer recently signed a power-purchase agreement (PPA) with Dubai-headquartered Yellow Door Energy for the project.

Yellow Door Energy will also invest and support the project by building, designing and maintaining the solar plant, Bahrain’s largest solar rooftop installation to date.

Spanning more than 40,000 square metres, the rooftop solar plant is expected to generate 10 million kilowatt-hours (kWh) of clean energy in its first year of operation, equivalent to reducing carbon emissions by 6,300 tonnes.

MEED understands some 11,600 solar panels will be installed to meet 50% of the shopping mall’s energy consumption needs.

Bahrain Mall operator, Carrefour Bahrain, will lead the solar plant project for the next 20 years.

This agreement is part of the full renovation and expansion plan at the Bahrain Mall, which will be completed by 2022.

In February, Yellow Door Energy signed loans worth $31.2m for eight solar photovoltaic (PV) plants with a combined total capacity of 48MW in Jordan.

The lenders are UK-based European Bank for Reconstruction & Development (EBRD) and Germany’s DEG, which are providing a $10.6m loan in local currency; Global Environment Facility, $5m; and a parallel $15.6m senior loan in local currency from DEG. In addition, Spain is providing results-based payments of up to €1.5m ($1.81m), as well as technical assistance together with the European Union.

Yellow Door Energy is also providing equity contribution for the project.

This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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