February 24, 2020
Tag : Press Release
Yellow Door Energy, a leading sustainable energy provider for businesses, has commissioned a 5.5 megawatt-peak (MWp) solar park for Classic Fashion Apparel Industry Co. Ltd. (“Classic Fashion”).
Located in Al-Mafraq, Jordan and covering an area of 143,000 square meters, this massive solar park will generate 12,500 megawatt-hours of clean energy in the first year of operation, equivalent to reducing carbon emissions by 8,750 tonnes.
“Classic Fashion is committed to being a responsible business and a preferred vendor to its business partners. Since 2015, we have been working on various projects connected with the United Nations’ Sustainable Development Goals and the Jordan Government’s Vision 2025 program. Clean energy is an integral part of our sustainability strategy, thus we have established a strategic partnership with Yellow Door Energy. We look forward to achieving more, working together”.
Ramdas Shreedharan Nair
The Al-Mafraq solar park operates under a build-own-operate-transfer (BOOT) wheeling agreement, which is 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 is responsible for investing in, designing, building, commissioning, operating and maintaining the solar park.
“We are proud to support Classic Fashion in its cost reduction targets and sustainability objectives. We hope our solar park in Al-Mafraq will inspire other leading businesses in Jordan to switch to clean energy. Together, we can advance the sustainable energy transition.”
CEO & Co-Founder
Yellow Door Energy
Jordan is a leader in the Middle East for its rapid adoption of renewable energy. By the end of 2020, one-fifth of the country’s energy will be generated through renewables, as stated by His Majesty King Abdullah II of Jordan at the World Economic Forum on the Middle East and North Africa in April 2019.View Full Press Release (PDF)