Latest news with #SaeedGhumranSaeedAlRemeithi
Gulf Business
26-03-2025
- Business
- Gulf Business
EMSTEEL, Yellow Door Energy to develop mega industrial solar PV project
Image: EMSTEEL Steel and building materials manufacturer EMSTEEL Group has partnered with Yellow Door Energy to develop the UAE's largest industrial solar PV rooftop project. This 31.5-megawatt-peak (MWp) project will power EMSTEEL's facilities with renewable energy, aligning with the UAE's Net Zero by 2050 commitment. Under the agreement, Yellow Door Energy will finance, build, own, operate, and maintain solar installations across 40 EMSTEEL roofs in ICAD 1, Abu Dhabi. The project will use high-efficiency solar panels, including bifacial panels for carports, to maximise clean energy generation. Part of EMSTEEL's decarbonisation strategy Upon completion, the project is expected to generate approximately 50 million kilowatt-hours (kWh) of clean electricity annually, offsetting approximately 16,000 metric tonnes of CO₂ emissions per year. This will significantly reduce EMSTEEL's energy costs and carbon footprint, contributing to the company's decarbonisation Engineer Saeed Ghumran Saeed Al Remeithi, group CEO of By integrating on-site solar power, we are reinforcing our leadership in sustainable manufacturing and contributing to the UAE's Net Zero by 2050 vision.' Jeremy Crane, group CEO of Yellow Door Energy, added, 'This project demonstrates the potential for solar to power key industries in the UAE. We are proud to partner with EMSTEEL in their transition to clean energy.' Project aimed for completion in 2026 Construction will commence this year, with commissioning targeted for 2026. This solar lease model allows EMSTEEL to benefit from clean energy without upfront investment, enabling them to focus on their core business while advancing their sustainability objectives. As part of its broader decarbonisation strategy, EMSTEEL aims to achieve a 40 per cent reduction in greenhouse gas (GHG) emissions in its steel business unit and a 30 per cent reduction in its cement business unit by 2030, with the ultimate goal of reaching net-zero emissions by 2050.
Zawya
25-03-2025
- Business
- Zawya
EMSTEEL, Yellow Door Energy to develop largest industrial solar PV rooftop project in UAE
ABU DHABI - EMSTEEL Group has announced a strategic partnership with Yellow Door Energy, the largest sustainable energy partner for businesses in the Middle East and Africa, to develop the largest industrial solar PV rooftop project in the UAE. The 31.5-megawatt-peak (MWp) solar power project will power EMSTEEL's facilities with renewable energy, reinforcing the Group's commitment to pioneering self-generating energy sources for sustainable manufacturing in the region. This strategic initiative is a key part of EMSTEEL's decarbonisation strategy implementation and aligns with the UAE's Net Zero by 2050 commitment. Under the agreement, Yellow Door Energy will finance, build, own, operate, and maintain solar panel installations across 40 EMSTEEL roofs in ICAD 1, Abu Dhabi. The project will comprise rooftop and carport solar installations, including high-efficiency solar panels, with bifacial panels used for carports to optimise clean energy generation. Upon completion, the project is expected to generate approximately 50 million kilowatt-hours (kWh) of clean electricity annually, offsetting approximately 16,000 metric tonnes of CO₂ emissions from our scope 2 emissions per year over the next 25 years. The 100 percent self-consumed renewable electricity will directly reduce energy costs and carbon footprint, furthering EMSTEEL's commitment to operational efficiency and decarbonisation. Saeed Ghumran Saeed Al Remeithi, Group CEO of EMSTEEL, stated, "Sustainability is at the core of EMSTEEL's strategy, and advancing our decarbonisation efforts is a key priority as we shape the future of sustainable manufacturing. This partnership with Yellow Door Energy marks an important step in implementing our recently published decarbonisation strategy, by expanding the use of renewable energy across our operations. "By integrating on-site solar power, we are reinforcing our leadership in industrial sustainability, contributing to the UAE's Net Zero by 2050 vision, and setting new benchmarks for renewable energy adoption in the UAE's steel industry." Jeremy Crane, Group CEO of Yellow Door Energy, said, "With a total capacity of 31.5 MWp, this project demonstrates the potential for solar to power our primary industries in the UAE. As a UAE-founded company, Yellow Door Energy remains committed to helping businesses reduce energy costs and decarbonise their operations." Construction is set to commence in 2025, with commissioning targeted for 2026. Yellow Door Energy will oversee the end-to-end development, ensuring seamless execution while eliminating upfront investment for EMSTEEL. This solar lease model enables EMSTEEL to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives. As part of the overall Group's decarbonisation strategy, the company aims to achieve a 40 percent reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and a 30 percent reduction in its Cement Business Unit by 2030, using 2019 as the baseline year, with the ultimate goal of reaching net-zero emissions by 2050.
Zawya
25-03-2025
- Business
- Zawya
EMSTEEL and Yellow Door Energy partner to develop the largest industrial solar PV rooftop project in the UAE
Abu Dhabi, UAE – EMSTEEL Group (ADX: EMSTEEL), one of the largest publicly traded steel and building materials manufacturers in the region, has announced a strategic partnership with Yellow Door Energy, the largest sustainable energy partner for businesses in the Middle East and Africa, to develop the largest industrial solar PV rooftop project in the UAE. The 31.5-megawatt-peak (MWp) solar power project will power EMSTEEL's facilities with renewable energy, reinforcing the Group's commitment to pioneering self-generating energy sources for sustainable manufacturing in the region. This strategic initiative is a key part of EMSTEEL's decarbonization strategy implementation and aligns with the UAE's Net Zero by 2050 commitment. Under the agreement, Yellow Door Energy will finance, build, own, operate, and maintain solar panel installations across 40 EMSTEEL roofs in ICAD 1, Abu Dhabi. The project will comprise rooftop and carport solar installations, including high-efficiency solar panels, with bifacial panels used for carports to optimize clean energy generation. Upon completion, the project is expected to generate approximately 50 million kilowatt-hours (kWh) of clean electricity annually, offsetting approximately 16,000 metric tons of CO₂ emissions from our scope 2 emissions per year over the next 25 years. The 100% self-consumed renewable electricity will directly reduce energy costs and carbon footprint, furthering EMSTEEL's commitment to operational efficiency and decarbonization. Engineer Saeed Ghumran Saeed Al Remeithi, Group CEO – EMSTEEL, stated: 'Sustainability is at the core of EMSTEEL's strategy, and advancing our decarbonization efforts is a key priority as we shape the future of sustainable manufacturing. This partnership with Yellow Door Energy marks an important step in implementing our recently published decarbonization strategy, by expanding the use of renewable energy across our operations. By integrating on-site solar power, we are reinforcing our leadership in industrial sustainability, contributing to the UAE's Net Zero by 2050 vision, and setting new benchmarks for renewable energy adoption in the UAE's steel industry.' Jeremy Crane, Group CEO – Yellow Door Energy, added: 'We are proud to partner with EMSTEEL on this solar lease agreement, enabling them to transition to clean energy while achieving significant cost savings. With a total capacity of 31.5 MWp, this project demonstrates the potential for solar to power our primary industries in the UAE. As a UAE-founded company, Yellow Door Energy remains committed to helping businesses reduce energy costs and decarbonize their operations.' Construction is set to commence in 2025, with commissioning targeted for 2026. Yellow Door Energy will oversee the end-to-end development, ensuring seamless execution while eliminating upfront investment for EMSTEEL. This solar lease model enables EMSTEEL to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives. As part of the overall Group's decarbonisation strategy, the company aims to achieve a 40% reduction in absolute greenhouse gas (GHG) emissions in its Steel Business Unit and a 30% reduction in its Cement Business Unit by 2030, using 2019 as the baseline year, with the ultimate goal of reaching net-zero emissions by 2050. -Ends- About EMSTEEL EMSTEEL is a public joint stock company (ADX: EMSTEEL) and the UAE's largest steel and building materials manufacturer. The Group leverages cutting-edge technologies to supply both the local market and over 70 international markets with high-quality finished products, creating a one-stop shop for the manufacturing and construction sectors. EMSTEEL is committed to contributing to the UAE's industrial strategy 'Operation 300 billion' by delivering market-leading products to support local industries, creating job opportunities for UAE Nationals, and enhancing its sustainable practices. The Group is a global leader in low-carbon steel production and is aligned with the UAE's Net Zero by 2050 Strategic Initiative. Headquartered in Abu Dhabi, EMSTEEL operates 16 state-of-the-art plants, with a production capacity of 3.5 million tonnes of steel and 4.6 million tonnes of cement annually, fueling the nation's most iconic projects. EMSTEEL is majority owned by ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. For more information, please visit our website:
