Abu Dhabi – Mubasher: Agthia Group has established two solar power plants at the production facilities of Al Ain Water and Al Foah, according to a press release.
Under a long-term lease arrangement, the ADX-listed group teamed up with Yellow Door Energy to boost sustainability across the region in line with the UAE’s Net Zero Target by 2050 and the Clean Energy Strategy.
The initiative is expected to offset nearly 20% of the energy consumption for the factories on an annual basis, contributing to both sustainability gains and cost efficiencies.
Meanwhile, the project will produce 287,000 megawatt-hour (MWh) of clean energy, lowering the CO2 emissions by more than 124,000 tonnes over the next 25 years.
The two solar photovoltaic (PV) power plants have capacities of around 5 MWp at the two factories.
Alan Smith, CEO of Agthia Group, commented: “This solar energy project is a huge step forward in our pursuit of becoming a diversified, leading food and beverage company devoted to sustainability.”
“By introducing solar into our energy mix, we significantly lower the carbon footprint associated with operations in these two locations,” Smith added.
Rory McCarthy, Chief Operating Officer of Yellow Door Energy, said: “In addition to solar, we also provide battery energy storage system (BESS) solutions, EV charging stations, LED lighting, and more. We are proud to be a UAE-founded and headquartered company, supporting visionary companies such as Agthia Group towards achieving their sustainability goals.”
The green projects were announced ahead of the 28th annual United Nations (UN) climate conference (COP28), which will be held in Dubai during the 30 November– 12 December 2023 period.
In the first nine months (9M) of 2023, the UAE group recorded higher net profits at AED 205.55 million, compared to AED 182.40 million in 9M-22.
