Nestlé, the Swiss food giant, has this week signed an agreement for the installation of 7 MW of rooftop solar PV capacity atop three of its manufacturing facilities in Dubai.
The contracts were signed and witnessed by HE Saeed Mohammed Al Tayer, who is CEO of Dubai Electricity and Water Authority (DEWA), which oversees the Emirate’s Shams Dubai Initiative – a program designed to encourage the uptake of grid-connected PV.
Nestlé says that the projects are part of this initiative, and will be installed at the firm’s Nestlé Middle East Manufacturing in Dubai South, Nestlé Dubai Manufacturing, and the Nestlé Waters factory at Dubai’s National Industries Park.
For the Swiss firm, the move is in accordance with its RE100 initiative commitments, which is a global collaborative effort to support multinationals in their attempts to use 100% renewable energy.
Nestlé has entered into a lease-to-own agreement with developer Yellow Door Energy, meaning Nestlé faces no upfront capital investment for the solar arrays – an arrangement that is part of Yellow Door Energy’s normal business practice.
“Yellow Door Energy helps companies like Nestlé leverage solar power through lease-to-own agreements, where we invest in, manage and operate the solar plant in order to maximize the energy generation and align with customers’ energy needs,” said Yellow Door Energy CEO Jeremy Crane.
The three solar arrays are scheduled to be grid-connected before the end of 2018 and will help contribute to the reduction of 6,000 tonnes of CO2 emissions a year, Nestlé calculates.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.