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