Dubai, United Arab Emirates: Yellow Door Energy, a market-leading solar developer, has commissioned a solar plant for Kamal Osman Jamjoom Group (KOJ) in Dubai Investments Park (DIP). The solar plant will generate 7,100 megawatt hours of clean energy in the 20-year lease duration, equivalent to reducing 3,100 metric tons of carbon emissions or removing 680 vehicles from the road.
Hisham Al Amoudi, Chief Executive Officer of KOJ, commented: “As a retailer with nearly 700 stores in seven countries, we are always looking for creative ways to reduce both our operational costs and environmental footprint. Solar leasing helps us achieve both objectives. Yellow Door Energy came to the table with a solution that is economically and environmentally attractive, and we welcome the commissioning of the solar plant at our DIP facility.”
Jeremy Crane, CEO and Co-Founder of Yellow Door Energy, commented: "We are proud to support KOJ in their forward-thinking solar initiative. The KOJ solar plant is our fifth commissioned solar project in Dubai, made possible with support from the DEWA Shams Dubai program. As a Dubai-based solar developer, we are proud to do our part to contribute to the Dubai Clean Energy Strategy and the UAE Energy Strategy 2050.”
As the solar lease provider, Yellow Door Energy invested in, designed, constructed, commissioned and will operate and maintain the solar plant for the duration of the lease. Solar leasing is gaining popularity among industrial building owners who want to reduce energy costs without any upfront investment or operational risk, while maintaining focus on their core business and enjoying the benefits of clean energy.
About Yellow Door Energy
Yellow Door Energy is a leading provider of solar and energy efficiency solutions for commercial and industrial customers in the Middle East and Africa. Its projects enable customers to reduce energy costs, improve power reliability and lower carbon emissions. The company recently raised $65 million in Series A financing from global investors IFC, Mitsui, Equinor, APICORP and Adenium. www.yellowdoorenergy.com
Marketing Manager, Yellow Door Energy
Phone: +971 4 454 3033 x 106
As one of the leading multi-channel retail groups in the Middle East, Kamal Osman Jamjoom Group (KOJ) operates a number of successful and innovative brands in the beauty, fashion, and children’s learning and development sectors. We have an unwavering commitment to product excellence and customer satisfaction, which is expressed in our portfolio of brands. From humble beginnings in 1987, KOJ Group has grown rapidly to a wide network of nearly 700 stores with its headquarters based in Dubai, United Arab Emirates, and a Regional Office in Jeddah, Saudi Arabia. We currently operate eight leading regional and international brands, including Mikyajy, Nayomi, Nayomi Moda, The Body Shop, Early Learning Centre, Nayomi Beauty Salon, Neil’s Yard Remedies, and Mihyar. All these brands have a strong presence across the Gulf and Morocco.
© Press Release 2019