Anup Isaac, VP of Business Development at Yellow Door Energy, spoke at the 3rd Annual Sharjah Electricity and Water Authority (SEWA) Partners Meet in Sharjah, UAE.
In his presentation, Anup acknowledged the importance of both energy efficiency and renewable energy, specifically solar photovoltaics.
He explained that there are two main enablers contributing to Yellow Door Energy’s solar success:
- Net metering policy, specifically the Shams Dubai program;
- Solar lease model, a service provided by Yellow Door Energy.
Net metering enables building owners to receive a credit in their next utility bill for excess solar power generated on premise.
A solar lease is a long-term contract that allows building owners to go solar with no upfront investment, no operational risk and still receive guaranteed performance. Through a solar lease, building owners can go solar with the following benefits:
- Provide no upfront investment and only pay when the solar plant starts producing electricity;
- Focus on their core business and entrust the solar plant to Yellow Door Energy;
- Manage electricity costs in the long-term with a known solar lease payment.
Overall, the event was a resounding success with speakers and attendees sharing their insights and best practices on a variety of topics.
Thank you to Dr. Rashid Alleem and the team at SEWA for their hospitable welcome and for hosting such a well-organized event. We enjoyed the discussions with other speakers and attendees, and hope to continue the dialogue on energy efficiency and solar power. To learn more about SEWA, please visit this page.
Photo Credit: SEWA