PHOTO
Jeddah: In line with its commitment to reducing its carbon footprint, privately held Zahid Group signs an agreement with SAFEER for the installation of a 1.5 MWp solar rooftop and carport hybrid system on the premises of its new headquarters, Zahid Business Park.
Zahid Business Park will be located on the northern outskirts of Jeddah and host the Group’s new 11 floor Head Office, six large scale facilities for independent Zahid Group companies, a community center and the Zahid Learning Institute. The renewable energy component was integrated in the initial design of Zahid Business Park. This innovative approach will help Zahid Group to significantly reduce its carbon footprint through clean power production.
The system will annually produce ~2.5 GWh of clean energy and will offset nearly 1,800 metric tons of CO2 emissions, corresponding to approximately 7,000,000 kilometers driven by an average passenger vehicle or equivalent to more than 30,000 tree seedlings grown for 10 years.
The planning and construction of the solar hybrid system combining photovoltaic and conventional energy generation will be completed by SAFEER, a joint venture between Altaaqa Alternative Solutions (a Zahid Group company) and Total Solar Distributed Generation.
Commenting on the project, Barig Siraj, Vice President of Group Affairs at Zahid Group said, “Supporting sustainable development is a priority at Zahid Group. Whether it is via significant investments in renewable energy or turning to renewable energy solutions for our own business needs, Zahid Group is an active participant in the Kingdom’s Vision 2030 for the development and promotion of renewable energy generation.”
Francois Ganneau, Managing Director of Safeer, said, “After the recent creation of the Safeer joint venture, it is our pleasure to implement this iconic project for one of our parent companies. This complex project introducing photovoltaic hybrid technology on rooftops and carports of the new Zahid Business Park will showcase SAFEER`s capabilities and commitment to excellence and will act as a case study in highlighting the benefits of integrating renewable energy solutions in commercial and industrial settings.”
About Zahid Group
Zahid Group is a privately held organization headquartered in Jeddah, Saudi Arabia for over a century, it employs more than 5,000 people and is a leading player in multiple industries that include, energy & utilities, heavy machinery, financial services, industrial manufacturing, transport, and hospitality. The Zahid Group partners with leading global brands including Caterpillar, Volvo and Renault trucks, and Total.
About Safeer
Safeer is a joint venture between Jeddah-headquartered Zahid Group, represented by “Altaaqa Alternative Solutions” and the French energy company Total, represented by “Total Solar Distributed Generation”. SAFEER stands for “Saudi French for Energy Efficiency and Renewables” and signifies “Ambassador” in the Arabic language. Reflecting Zahid Group´s and Total’s commitment to bringing affordable and reliable solar energy solutions to the Kingdom of Saudi Arabia and to supporting the renewables agenda set in the Vision 2030 initiative.
Specializing in commercial and industrial solar installations on rooftops and carports, the joint venture leverages Total´s expertise across the entire solar value chain and Altaaqa's 18 years of leadership in delivering independent power and water utility solutions in the Kingdom.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
