{"id":18853,"date":"2020-01-19T15:17:13","date_gmt":"2020-01-19T11:17:13","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=18853"},"modified":"2020-01-19T15:17:31","modified_gmt":"2020-01-19T11:17:31","slug":"apicorp-headquarters-gets-green-makeover-signs-solar-lease-and-shared-energy-savings-agreements-with-yellow-door-energy","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/apicorp-headquarters-gets-green-makeover-signs-solar-lease-and-shared-energy-savings-agreements-with-yellow-door-energy\/","title":{"rendered":"APICORP Headquarters Gets Green Makeover, Signs Solar Lease And Shared Energy Savings Agreements With Yellow Door Energy"},"content":{"rendered":"

In line with its commitment to promote long-term sustainability and green initiatives, the Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it signed two agreements with Yellow Door Energy (YDE), a leading sustainable energy solutions provider in the Middle East, to install solar panels at APICORP\u2019s headquarters in Dammam and retrofit the building with energy-efficient technologies.<\/p>\n

The agreements mark YDE\u2019s first project in Saudi Arabia, demonstrating the company\u2019s exponential growth in the region. Expected to be completed by end of 2020, the new fittings will cut APICORP\u2019s carbon emissions by 2,000 tonnes and generate up to 718 MWh of clean energy, as well as significantly reduce energy consumption by 35%.<\/p>\n

YDE\u2019s energy efficiency solutions at APICORP headquarters include retrofitting and optimising the air conditioning and chiller systems, as well as installing over 3,500 LED light bulbs with smart control. YDE will also install a rooftop solar plant that spans 4,300 square metres, fitted with a customised mounting structure to accommodate the roof\u2019s unique wave design.<\/p>\n

Commenting on the agreement, Dr. Ahmed Ali Attiga, CEO of APICORP, said:<\/strong> \u201cWe are delighted to work with Yellow Door Energy, one of our investee companies, on this important initiative that demonstrates our commitment to sustainability and environmentally-friendly practices in all aspects of APICORP\u2019s operations. By investing in green initiatives, we hope to lead by example and contribute in a tangible and impactful way to making this planet a better place to live for future generations.\u201d<\/p>\n

Jeremy Crane, CEO and Co-Founder of Yellow Door Energy, added:<\/strong> \u201cYellow Door Energy is honoured to contribute to the Kingdom of Saudi Arabia\u2019s renewable energy target as part of Vision 2030. Our solar lease and shared energy savings contracts with APICORP are our company\u2019s first of hopefully many projects in the Kingdom. We congratulate APICORP on this forward-thinking initiative and sustainability leadership.\u201d<\/p>\n

In 2019, APICORP and a consortium of international and regional banks invested USD65 million in Yellow Door Energy to scale up investments in solar energy and efficiency solutions in emerging markets. YDE currently has over 100 megawatts of solar assets in development in the UAE, Jordan, Pakistan and Egypt.<\/p>\n

As per the Saudi Arabia\u2019s Ministry of Energy, the country is pursuing an ambitious renewable power strategy that includes plans to add 60 gigawatts of clean energy capacity to the national grid by 2030. Of this, 40GW will come from solar photovoltaic plants, 16GW from wind turbines and 2.7GW from concentrated solar power.<\/p>\n

\"\"\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In line with its commitment to promote long-term sustainability and green initiatives, the Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced today that it signed two agreements with Yellow Door Energy (YDE), a leading sustainable energy solutions provider in the Middle East, to install solar panels at APICORP\u2019s headquarters in Dammam and […]<\/p>\n","protected":false},"author":1,"featured_media":18855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/18853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=18853"}],"version-history":[{"count":2,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/18853\/revisions"}],"predecessor-version":[{"id":18857,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/18853\/revisions\/18857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/18855"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=18853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=18853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=18853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}