Latest news with #YellowDoorEnergy
Arab News
5 days ago
- Business
- Arab News
Tamimi Markets and Yellow Door Energy sign solar lease
Tamimi Markets, a prominent name in Saudi Arabia's retail sector, and Yellow Door Energy, a sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets' distribution centers in Jeddah and Dammam. The solar project has a combined capacity of 900 kWp, with 465 kWp allocated to the Jeddah fulfillment center and 435 kWp to two facilities in Dammam. More than 1,500 high-efficiency bifacial solar panels will be installed across approximately 7,200 square meters of rooftop space. The solar power plants are expected to generate 1.5 million kilowatt-hours of clean energy in their first year of operation, equivalent to reducing carbon emissions by 586 metric tonnes. This initiative directly supports Saudi Arabia's 'net-zero by 2060' commitment and aligns with the broader goals of Vision 2030. Bobby Rajendran, CEO of Tamimi Markets, said: 'Sustainability is embedded in Tamimi Markets' DNA, and today we are walking the talk on sustainability by signing this solar lease with Yellow Door Energy. Together with our solar partner, we will decarbonize our operations, enhance business resilience and support Saudi Arabia's 'net-zero by 2060' objective. Our shoppers, employees, and wider network can be proud of the fact that Tamimi Markets, the preferred grocery destination for Saudis, is leading the sustainability journey.' Hisham Alhegelan, CEO Middle East at Yellow Door Energy, added: 'We are honored to partner with Tamimi Markets on this important solar project. Through the solar lease, significant cost savings and carbon emission reduction will be realized. The Kingdom of Saudi Arabia continues to lead the region in its sustainability stewardship, and this important solar project demonstrates this leadership.' Khaled Chebaro, country Director for Saudi Arabia at Yellow Door Energy, added: 'We are delighted to support Tamimi Markets and contribute to Saudi Vision 2030. Yellow Door Energy continues to rapidly expand its project portfolio in the Kingdom, helping businesses reduce energy costs and lower carbon emissions. To-date, we have signed five solar leases in Saudi Arabia and look forward to contributing to the Kingdom's 'net-zero by 2060' target.' Construction is already underway, and the project is expected to be completed by the end of 2025. Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants while Tamimi Supermarkets remains focused on providing the best retail experience for its shoppers.
Web Release
23-07-2025
- Business
- Web Release
Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy Sign Solar Lease
Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia's retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets' distribution centers in Jeddah and Dammam. The solar project has a combined capacity of 900 kilowatts-peak (kWp), with 465 kWp allocated to the Jeddah fulfillment center and 435 kWp to two facilities in Dammam. Over 1,500 high-efficiency bifacial solar panels will be installed across approximately 7,200 square meters of rooftop space. The solar power plants are expected to generate 1.5 million kilowatt-hours of clean energy in their first year of operation, equivalent to reducing carbon emissions by 586 metric tons. This initiative directly supports Saudi Arabia's Net Zero by 2060 commitment and aligns with the broader goals of Vision 2030. Bobby Rajendran, CEO of Tamimi Markets, commented: 'Sustainability is embedded in Tamimi Markets' DNA, and today we are walking the talk on sustainability by signing this solar lease with Yellow Door Energy. Together with our solar partner, we will decarbonize our operations, enhance business resilience and support Saudi Arabia's Net Zero by 2060 objective. Our shoppers, employees, and wider network can be proud of the fact that Tamimi Markets, the preferred grocery destination for Saudis, is leading the sustainability journey.' Hisham Alhegelan, CEO Middle East at Yellow Door Energy, shared: 'We are honored to partner with Tamimi Markets on this important solar project. Through the solar lease, significant cost savings and carbon emission reduction will be realized. The Kingdom of Saudi Arabia continues to lead the region in its sustainability stewardship, and this important solar project demonstrates this leadership.' Khaled Chebaro, Country Director for KSA at Yellow Door Energy, added: 'We are delighted to support Tamimi Markets and contribute to Saudi Vision 2030. Yellow Door Energy continues to rapidly expand its project portfolio in the Kingdom, helping businesses reduce energy costs and lower carbon emissions. To-date, we have signed five solar leases in Saudi Arabia and look forward to contributing to the Kingdom's Net Zero by 2060 Target.' Construction is already underway, and the project is expected to be completed by the end of 2025. Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants while Tamimi Supermarkets remains focused on providing the best retail experience for its shoppers. The solar lease model enables Tamimi Supermarkets to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives.
Zawya
09-07-2025
- Business
- Zawya
Tamimi Markets seals solar lease deal with Yellow Door Energy
Tamimi Markets, a leading player in the Saudi retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets' distribution centers in Jeddah and Dammam. The solar project has a combined capacity of 900 kilowatts-peak (kWp), with 465 kWp allocated to the Jeddah fulfillment center and 435 kWp to two facilities in Dammam, said Tamimi Markets in a statement. As part of the deal, over 1,500 high-efficiency bifacial solar panels will be installed across 7,200 sq m of rooftop space. The solar power plants are expected to generate 1.5 million kilowatt-hours of clean energy in their first year of operation, equivalent to reducing carbon emissions by 586 metric tonnes. This initiative directly supports Saudi Arabia's Net Zero by 2060 commitment and aligns with the broader goals of Vision 2030, said the statement. Bobby Rajendran, the CEO of Tamimi Markets, said: "Sustainability is embedded in Tamimi Markets' DNA, and today we are walking the talk on sustainability by signing this solar lease with Yellow Door Energy. Together with our solar partner, we will decarbonise our operations, enhance business resilience and support Saudi Arabia's Net Zero by 2060 objective." "Our shoppers, employees, and wider network can be proud of the fact that Tamimi Markets, the preferred grocery destination for Saudis, is leading the sustainability journey," he stated during the signing ceremony held at Tamimi Markets' Head Office in Al Khobar. Tamimi Markets said the construction was already underway, and the project was expected to be completed by the year-end. Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants while Tamimi Supermarkets remains focused on providing the best retail experience for its shoppers. The solar lease model enables Tamimi Supermarkets to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives, it added. Yellow Door Energy Middle East CEO Hisham Alhegelan said: "We are honored to partner with Tamimi Markets on this important solar project. Through the solar lease, significant cost savings and carbon emission reduction will be realized. The Kingdom of Saudi Arabia continues to lead the region in its sustainability stewardship, and this important solar project demonstrates this leadership." Khaled Chebaro, Country Director for KSA said: "We are delighted to support Tamimi Markets and contribute to Saudi Vision 2030. Yellow Door Energy continues to rapidly expand its project portfolio in the Kingdom, helping businesses reduce energy costs and lower carbon emissions." "To-date, we have signed five solar leases in Saudi Arabia and look forward to contributing to the Kingdom's Net Zero by 2060 Target," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
09-07-2025
- Business
- Zawya
Decarbonizing Retail in KSA: Tamimi Markets and Yellow Door Energy sign solar lease
Al-Khobar, KSA: Tamimi Markets, one of the most prominent and trusted names in Saudi Arabia's retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets' distribution centers in Jeddah and Dammam. The solar project has a combined capacity of 900 kilowatts-peak (kWp), with 465 kWp allocated to the Jeddah fulfillment center and 435 kWp to two facilities in Dammam. Over 1,500 high-efficiency bifacial solar panels will be installed across approximately 7,200 square meters of rooftop space. The solar power plants are expected to generate 1.5 million kilowatt-hours of clean energy in their first year of operation, equivalent to reducing carbon emissions by 586 metric tons. This initiative directly supports Saudi Arabia's Net Zero by 2060 commitment and aligns with the broader goals of Vision 2030. Bobby Rajendran, CEO of Tamimi Markets, commented: 'Sustainability is embedded in Tamimi Markets' DNA, and today we are walking the talk on sustainability by signing this solar lease with Yellow Door Energy. Together with our solar partner, we will decarbonize our operations, enhance business resilience and support Saudi Arabia's Net Zero by 2060 objective. Our shoppers, employees, and wider network can be proud of the fact that Tamimi Markets, the preferred grocery destination for Saudis, is leading the sustainability journey.' Hisham Alhegelan, CEO Middle East at Yellow Door Energ y, shared: 'We are honored to partner with Tamimi Markets on this important solar project. Through the solar lease, significant cost savings and carbon emission reduction will be realized. The Kingdom of Saudi Arabia continues to lead the region in its sustainability stewardship, and this important solar project demonstrates this leadership.' Khaled Chebaro, Country Director for KSA at Yellow Door Energy, added: 'We are delighted to support Tamimi Markets and contribute to Saudi Vision 2030. Yellow Door Energy continues to rapidly expand its project portfolio in the Kingdom, helping businesses reduce energy costs and lower carbon emissions. To-date, we have signed five solar leases in Saudi Arabia and look forward to contributing to the Kingdom's Net Zero by 2060 Target.' Construction is already underway, and the project is expected to be completed by the end of 2025. Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants while Tamimi Supermarkets remains focused on providing the best retail experience for its shoppers. The solar lease model enables Tamimi Supermarkets to enjoy the benefits of clean energy without operational risk, allowing the company to focus on its core business while advancing its sustainability objectives. About Yellow Door Energy: Yellow Door Energy is the leading sustainable energy partner for businesses, serving commercial and industrial customers in the Middle East, Africa and beyond. In Saudi Arabia, Yellow Door Energy works with premier companies to provide on-grid and off-grid energy solutions through a solar lease. The lease enables businesses to save money, switch to clean energy, all without any capex or upfront investment or operational risk. These solutions are in line with Vision 2030 and directly contribute to Saudi Arabia's Net Zero by 2060 target. Yellow Door Energy's shareholders are Actis, the International Finance Corporation (IFC), Mitsui & Co., Ltd., and The Arab Energy Fund (TAEF). About Tamimi Markets: Established in 1979, Tamimi Markets is one of Saudi Arabia's leading supermarket chains, celebrated for its high-quality products, exceptional customer service, and innovative shopping experiences. With a history of rapid growth, Tamimi Markets has achieved significant milestones, including the acquisition of Al Raya for Food Stuffs Company, and its recent expansion into the Western region of Saudi Arabia. These advancements position Tamimi Markets to further strengthen its presence in the Kingdom, drive innovation in the retail sector, and solidify its role as a key player in the regional market.
The Citizen
25-06-2025
- Business
- The Citizen
YDE Lumen30 recruits celebrate after 3 months of training
A renewable energy, independent power producer, Yellow Door Energy, recently hosted a graduation celebration for young people who were participating in the YDE Lumen30 initiative. The event, held at the ENS Pro bono offices in Alex Mall on June 24, marked the recruits' successful completion of phase 1 of the project. The initiative, co-founded by YDE and the Actis Acts charity organisation, focused on youth empowerment through skills development and training. The first phase of the programme involved training recruits in solar photovoltaic (PV) technology. Also read: SA Job Seekers Movement empowers Alex job seekers for success 'We are here to commemorate the end of phase 1, which was a three-month training programme with our partner Unathi Training Academy. It is an accredited qualification. We are here to celebrate and encourage them to keep going and make their strides in the industry,' said YDE South Africa assistant manager Khensane Nkomo. Talking about the initiative's impact on the country's ailing issue of unemployment, Nkomo emphasised the programme's aim to equip youth with the knowledge and skills they need to seize opportunities in the fast-growing renewable energy sector and to also empower themselves. The recruits lauded YDE and Actis Act for the impactful YDE Lumen30 initiative, underscoring its far-reaching impact on their lives. Boitumelo Senyolo said the lessons went beyond the solar photovoltaic technology education. 'I have always wanted to be a businessman, but I failed. When I came here, the YDE Lumen30 initiative brought people who directed and showed me how I can develop into a businessman.' Also read: Guardian Angel Wildlife and Marine Trust launches Mandela Day youth upliftment drive For Buhle Ncube, another recruit, when financial constraints limited her career opportunities shortly after she completed her matric, YDE Lumen30 came through. 'It is wonderful that it was for free; these types of courses often require people to pay, and owing to my disadvantaged background, I would not have been able to pay. I am grateful for this opportunity.' As the recruits celebrated the successful completion of Phase 1 of the initiative, they eagerly wait to apply their skills in the second phase, which will see a community centre in Alexandra receive a solar power plant for free. Follow us on our Whatsapp channel, Facebook, X, Instagram, and TikTok for the latest updates and inspiration! Have a story idea? We'd love to hear from you – join our WhatsApp group and share your thoughts! At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
