February 9, 2020
Tag : Press Release
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has signed with Yellow Door Energy, the leading regional commercial solar developer, to bring solar power to Carrefour stores in Jordan.
The 17-megawatt build-own-operate-transfer (BOOT) wheeling agreement will provide Carrefour stores located in Amman, Zarqa, Madaba and Al-Salt with 29 gigawatt-hours of clean energy in the first year of operation, meeting 100% of the retailer’s electricity needs in those areas.
“Sustainability plays an important role in our business as illustrated by our Net Positive strategy, which aims to over compensate our water consumption and carbon emissions resulting in a positive corporate footprint by 2040. The BOOT solar agreement will prove not only integral to helping us achieve our goals but also halving our energy costs, allowing us to pass the savings on to our loyal customers across Jordan.”
Country Manager for Carrefour Jordan
Majid Al Futaim Retail
BOOT is defined as a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, own, and operate a facility stated in the contract . As the BOOT solar provider, Yellow Door Energy will invest in, design, construct, commission, operate and maintain the solar park. Located east of Amman, the solar park will span an area of 366,000 square meters and will comprise of 300,000 solar panels. The park is expected to be completed and generating clean energy for Carrefour Jordan by the spring of 2020.
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“We are proud to support Carrefour and Majid Al Futtaim in their sustainability endeavors while helping them reduce energy costs and improve competitiveness. Our solar park epitomizes Carrefour’s sustainability leadership and we hope it will inspire other retailers and multi-nationals to transition to solar power.”
Chief Commercial Officer
Yellow Door Energy
Illustration of the solar plant at Future Pipe Industries’ factory in Dubai Industrial City (Credit: Yellow Door Energy)