South Energy signs agreement for its first solar project
Dubai, 13 March 2019: In line with Dubais efforts to increase sourcing energy needs from renewable energy and meet the goals under Dubai Clean Energy Strategy 2050, South Energy, the energy solution arm of Dubai South, has signed an agreement with HCT Technical Services LLC (HCT), a DEWA-approved solar contractor for the Engineering, Procurement and Construction (EPC) of a 2MWp photovoltaic system for five of Dubai Souths facilities. Set to power up the Dubai South headquarters and four freight complexes, this project is South Energys first lease solar rooftop initiative where it will finance at zero upfront cost for Dubai South, manage the EPC and operate the solar plant within the ideal lifespan of 20 years.
The Letter of Agreement (LOA) was signed between Ismail Al Marzooqi, CEO of South Energy and Unni Krishnan, CEO of HCT & HCC Group, in the presence of other top-level executives from Dubai South and Giridhar Dikshit, General Manager of HCT.
Ismail Al Marzooqi, CEO of South Energy said: We are proud to have initiated this project as another major step forward in Dubai Souths efforts to build a sustainable urban community in line with the Dubai Clean Energy Strategy 2050 to meet 7 percent of Dubai energy requirements from clean energy by 2020 and increase it to 25 percent by 2030, and 75 per cent by 2050.
This pioneering initiative paves the way for South Energy to provide a unique energy model through solar leasing which will enable businesses to embrace environmentally sustainable practices in their operations while enhancing their bottom line. It is an end-to-end solution that will enable South Energys partners to reduce their environmental impact while focusing on their core business strategies.
Al Marzooqi added: As we move along, we are keen to increase these initiatives and encourage other entities to move towards tapping renewable energy for their power needs. We will continue to work towards these goals and thereby become a key player in achieving Dubais vision of a smart and sustainable city and a happier society.
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