Majid Al Futtaim and Yellow Door Energy partner to bring clean electricity to 18 shopping malls in the UAE, Bahrain, and Oman.
Majid Al Futtaim, the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, has signed a 36-megawatt master services agreement (“MSA”) with Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East, Africa and South Asia, to provide solar power to its GCC portfolio of shopping malls.
In line with Majid Al Futtaim’s Net Positive Strategy, the partnership with Yellow Door will bring clean electricity to 18 shopping malls located across the UAE, Bahrain, and Oman and contribute to Net Zero emissions targets in the regions. Through the installation of both new solar power plants and acquisitions of existing plants, the project is expected to produce over 55 million kilowatt-hours of clean electricity within the first year of operation, equivalent to reducing carbon emissions by 39 million kilograms.
Khalifa Bin Braik, CEO of Majid Al Futtaim – Asset Management, said: “The solar partnership with Yellow Door Energy will help Majid Al Futtaim lower energy costs and spearhead the sustainable energy transition, in line our Net Positive strategy and the objectives of COP28. This enables us to be more efficient, competitive, and resilient in the face of climate change and business volatility. Together with Yellow Door Energy, we raise the bar for modern, regenerative retail to create the ultimate mall of the future.”
