Business

Landmark Group, a preeminent retail and hospitality conglomerate in the Middle East and India, has confirmed a 2.6 megawatt-peak solar contract with Yellow Door Energy, a UAE-based sustainable energy provider, and AMANA Investments, a distinguished design-build construction firm.

As the first joint enterprise between Yellow Door Energy and AMANA Investments, the solar arrangement will bring clean energy to Landmark Groups state-of-the-art, fully automated 1-billion-dirham OMEGA DC Warehouse in Jebel Ali Free Zone (JAFZA) in Dubai, UAE.

Over 6,000 solar boards will be introduced to generate 4,200 megawatt-hours of clean energy annually, equal to reducing carbon discharges by 1,700 tonnes or eliminating 380 cars from the road. Installation is expected to start in late 2020 and the solar plant is anticipated to be completed by the spring of 2021.

Rajesh Garg, Group CFO of Landmark Group, said: Sustainability and innovation are at the heart of our business. We firmly believe that what is great for the environment is good for the business too. This solar arrangement with Yellow Door Energy and AMANA Investments empowers us to switch to clean energy, and increase our solar ambition, which in turn encourages us to become more cost-competitive and innovative as a company.

Mihin Shah, Chief Supply Chain Officer, Landmark Group, said, We continue on our path of solar development with this agreement and it reaffirms our responsibility towards sustainability. This solar power will be very befitting to our fully automated OMEGA DC, which is already a certified Green distribution centre and through this partnership, we will advance the energy efficiency to benefit not only our own business but also the customers to whom we are extending third party logistics services.

Jeremy Crane, CEO and Co-Founder of Yellow Door Energy, said: We salute Landmark Group on this solar agreement that will help it realise its sustainable energy goals. As a developer with over 110 megawatts of solar projects in the region, Yellow Door Energy is pleased to include Landmark Group in our growing list of premier customers. Working with AMANA Investments, we promote businesses in JAFZA to consider solar as a viable option to reduce costs and save the environment. As a UAE-based company, Yellow Door Energy is honoured to contribute to DEWAs Shams Dubai Program and the UAE Energy Strategy 2050.

Riad Bsaibes, President & CEO of AMANA Investments,said: Our association with the Landmark Group over the years has been one that we are particularly proud of, appearing in the development of numerous tools for the Group across the region. Today, we are proud to extend, in cooperation with Yellow Door Energy, another service to Landmark facilitating the Group to reduce its cost of power in the same facility that we constructed 2 years ago. We look forth to operating with Landmark to further reduce their energy costs and consumption in this facility and others across the region.

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