Aqaba, Jordan, December 9, 2019: Yellow Door Energy, the leading commercial solar developer in the Middle East, has signed a solar agreement with Aqaba Special Economic Zone Authority (ASEZA).
The 6.1-megawatt build-own-operate-transfer (BOOT) wheeling agreement will generate more than 13 gigawatt-hours of clean energy in the first year of operation, meeting 40% of ASEZA’s energy needs and reducing carbon emissions by 9,500 tonnes annually.
Eng.Abdullah Yassin ,City Commissioner Of AQABA , commented: “Our organization’s objectives are to enhance the economic activity of ASEZA and contribute to the preservation of the Jordanian environment. Our BOOT solar agreement with Yellow Door Energy helps us achieve both economic and environmental objectives: We reduce our energy costs by more than 70% and significantly lower our carbon emissions.”
As the BOOT solar provider, Yellow Door Energy will invest in, design, construct, commission, operate and maintain the solar park. Located in Aqaba in southern Jordan, the solar park will comprise of over 15,000 photovoltaic modules and will start operating by the summer of 2020.
Rory McCarthy, Chief Commercial Officer of Yellow Door Energy, commented: “We are proud to support ASEZA in their sustainability endeavors while helping them reduce energy costs. The Aqaba solar park demonstrates ASEZA’s sustainability leadership and we hope it will encourage other economic zones to switch to clean energy.”
Jordan is a leader in the Middle East for its rapid adoption of renewable energy. By 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.
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ABOUT THE AQABA SPECIAL ECONOMIC ZONE AUTHORITY (ASEZA)
The Aqaba Special Economic Zone Authority plays a leading role at the administrative and governmental level in the Hashemite Kingdom of Jordan and applies the principle of good governance based on transparency and effectiveness in the decision-making process. The Authority is an independent institution that deals with the development and management of the Aqaba Special Economic Zone and provides integrated services to investors and registered companies.
Contact Information
ASEZA name : ASEZA
Email address : aldiwan@aseza.jo
Phone number: 0096232091000
ABOUT YELLOW DOOR ENERGY
Yellow Door Energy is the leading provider of solar power purchase agreements for commercial and industrial customers in the Middle East, Africa and South Asia. The company’s projects enable customers to reduce energy costs, improve power reliability and lower carbon emissions. Yellow Door Energy recently raised $65 million in Series A financing from global investors IFC, Mitsui, Equinor, APICORP and Adenium. www.yellowdoorenergy.com/pakistan
Contact Information
Josephine Pham, Marketing Manager, Yellow Door Energy
Email : gosolar@yellowdoorenergy.com | Phone: +971 4 454 3033
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