Saving money and the planet with solar leasing

Saving money and the planet with solar leasing

Saving money and the planet with solar leasing
The Bahrain Mall's solar project produces 10 million KWH of clean energy yearly. (YellowDoorEnery photo)
Short Url

In recent years, Saudi Arabia has stepped up its pursuit of a cleaner, greener tomorrow, positioning itself as a global energy leader championing climate action.

Under the Saudi and Middle East Green Initiatives, the Kingdom is implementing more than 80 projects in the public and private sectors with investments worth more than SR705 billion ($188 billion) to build a more sustainable future for all.

Furthermore, COP16 of the UN Convention to Combat Desertification will be held in the Saudi capital Riyadh in December.

Another important step is Saudi Arabia’s intention to reach net-zero by 2060, which requires an annual emission reduction of 278 million tonnes of CO2 equivalent by 2030.

To achieve this goal, the Kingdom is targeting 130 GW of renewable energy production capacity by 2030, increasing its share in the energy mix to 50 percent.

Tapping into its immense solar power potential, the country more than doubled its renewable energy capacity last year from 700 MW in 2022 to more than 2.2 GW.

With the growing importance of solar, companies are looking for innovative ways to switch to clean energy while reducing their electricity costs.

Solar leasing, also known as a solar power purchase agreement, or PPA, is the preferred option among multinational companies and large family-owned businesses. This solution is now widely available through leading sustainable energy developers in Saudi Arabia.

With a solar lease, companies can enjoy immediate savings with no upfront investment, while focusing on their core business and transferring the entire construction and operational risk to developers such as Yellow Door Energy.

The savings can be substantial, significantly reducing operating costs.

Solar leasing offers a cost-effective way to adopt renewable energy, lowering operational costs and enhancing an organization’s green credentials without the burden of initial capital investment.

Khaled Chebaro

With diesel pricing going up, businesses are looking to solar leasing to reduce diesel consumption and reliance on diesel generators.

Additionally, the widespread adoption of solar leasing can enhance energy grid stability and resilience by diversifying the energy supply and reducing peak demand pressures.

Solar leasing offers a cost-effective way to adopt renewable energy, lowering operational costs and enhancing an organization’s green credentials without the burden of initial capital investment.

In addition to the cost savings, this approach is hassle-free, as the operations and maintenance are entrusted to an expert with a proven track record.

Yellow Door Energy has more than 90 customers and 240 MW of awarded solar projects in Saudi Arabia, Bahrain, UAE, Oman, Jordan and South Africa.

The company implements strict health and safety standards on all its 100-plus project sites and has a robust sustainable energy asset management system to live-monitor all its operating projects and maximize clean energy production.

With its desert climate, characterized by high temperatures and water scarcity, Saudi Arabia faces several environmental challenges, including desertification and land degradation. The country is also highly susceptible to the impacts of climate change.

Innovative technologies, such as solar PV, combined with the solar lease financing solution, along with traditional efforts such as land restoration, are an integral part of a holistic approach to environmental protection, climate action and achieving the Kingdom’s net zero 2060 target.

Additionally, the expansion of solar leasing can drive job creation and economic growth in the renewable energy sector, supporting overall national development.

In summary, with the Saudi government drafting regulations to advance a just energy transition, the Kingdom’s companies have a prime opportunity to amplify their contributions to a more sustainable future through the adoption of renewable energy solutions.

Khaled Chebaro is the Saudi Arabia country director at Yellow Door Energy
 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Moscow mayor says air defenses repel drone attacks aimed at capital

Moscow mayor says air defenses repel drone attacks aimed at capital
Updated 4 min 56 sec ago
Follow

Moscow mayor says air defenses repel drone attacks aimed at capital

Moscow mayor says air defenses repel drone attacks aimed at capital

Moscow Mayor Sergei Sobyanin said early on Friday that air defense units had repelled two attacks by drones headed for the capital.
Mayor Sergei Sobyanin, writing on the Telegram messaging app, said air defense units southeast of the capital had repelled one group of drones, without specifying how many were involved. He said a separate group of two drones had been downed by air defenses south of Moscow.
Sobyanin said there had been no casualties or damage at the site of the incident southeast of the city. Specialist crews had been dispatched to both areas. 


Saudi Arabia, UAE poised to become trade ‘super-connector hubs,’ WEF panel hears

Saudi Arabia, UAE poised to become trade ‘super-connector hubs,’ WEF panel hears
Updated 16 min 8 sec ago
Follow

Saudi Arabia, UAE poised to become trade ‘super-connector hubs,’ WEF panel hears

Saudi Arabia, UAE poised to become trade ‘super-connector hubs,’ WEF panel hears
  • Agility’s Henadi Al-Saleh highlights that innovation, investment help countries to capitalize on disruption in global trade

LONDON: Saudi Arabia is on track to emerge as a “super-connector hub,” leveraging ongoing global trade disruption to its advantage, according to experts speaking at the World Economic Forum in Davos on Thursday.

Henadi Al-Saleh, chair of the board of directors at Agility, a global leader in supply chain services, highlighted the Gulf Cooperation Council’s significant investments in infrastructure as a driving force behind this transformation.

She said: “(In) the past few years, the level of activity, especially around cargo, has increased several fold.

“If I look at the GCC, where we have invested in warehouses, and at the Emirates in Saudi Arabia, one of our key platforms, (they are) set to become super-connector hubs.

“These countries are investing in infrastructure, doubling down, and the level of activity is increasing.”

Al-Saleh identified digitalization as a key value in this development, saying that “in a time with so much uncertainty, having that clarity and understanding, even when changes take place, it gives me visibility. (With the digital tools) I know what the rules (are) and (how) I need to adjust.”

She added: “That’s one critical aspect in which you see these super hubs benefiting.”

While the level of trade has continued to grow since the end of the pandemic, socioeconomic and political factors have continued to disrupt industry.

Experts have said that US President Donald Trump’s second term is expected to exacerbate the disruption, with the president supporting potential trade tariffs on multiple exporting nations.

Chile’s Minister of Foreign Affairs Alberto van Klaveren acknowledged the challenges but also pointed to opportunities arising from these shifts.

He said: “There are possibilities. Some economies are opening up. We signed the CEPA Agreement (Comprehensive Economic Partnership Agreement) with the Emirates. We are interested in Saudi Arabia.”

He explained that the importance of diversification was not only in export markets but also in the types of goods and services traded.

However, experts cautioned that ongoing trade disruption could significantly impact the global energy transition, particularly in the green energy sector.

Al-Saleh said: “There are certain segments of people, businesses and technologies (in the green energy market) that are paying a price.

“But this is where, I think, from the private sector, it’s incumbent upon them to continue. This is irrespective of what happens today in terms of tariffs. There is a long view, and we need to all manage towards that long view.”

According to World Trade Organization data, every nation relies on imports and exports for at least 25 percent of its goods. Given this interdependence, Al-Saleh argued, trade will remain indispensable despite ongoing disruption.

She said: “You need to focus on being agile and resilient. Those are critical elements, and the way to become agile and resilient is really to diversify and invest in technology.”
 


‘Killed, maimed, frozen to death’: UN Security Council meets to discuss plight of Gaza’s kids

‘Killed, maimed, frozen to death’: UN Security Council meets to discuss plight of Gaza’s kids
Updated 24 min 59 sec ago
Follow

‘Killed, maimed, frozen to death’: UN Security Council meets to discuss plight of Gaza’s kids

‘Killed, maimed, frozen to death’: UN Security Council meets to discuss plight of Gaza’s kids
  • UN humanitarian chief Tom Fletcher tells council members of urgent need for donations to meet $4bn funding target for 2025
  • The growing struggles of civilians in the West Bank must also not be ignored, he adds

NEW YORK CITY: The UN’s humanitarian chief on Thursday called for urgent action to protect children in Gaza and ensure their well-being amid the fragile ceasefire and ongoing humanitarian crisis in the territory.

Speaking during a meeting of the Security Council to discuss “the plight of children in the Gaza Strip,” Tom Fletcher emphasized the scale of suffering among Palestinian youngsters there as he urged the international community to ensure the ceasefire agreement between Israel and Hamas holds, and to scale up deliveries of humanitarian aid.

Fletcher said the ceasefire deal, brokered by Egypt, Qatar and the US, has brought a temporary reprieve for civilians, and is allowing Israeli hostages and detained Palestinians to be reunited with their families.

The truce has also enabled a surge in the amount of life-saving humanitarian assistance entering Gaza, providing a glimmer of hope for the millions of residents suffering as a result of the conflict.

“We can save more lives if all parties continue to honor the deal,” Fletcher said, thanking the mediators for their tireless efforts to facilitate the agreement and address the operational challenges in its implementation.

The 15 months of war between Israel and Hamas in Gaza have taken a profound toll on the children in the territory, the suffering of whom reached catastrophic proportions during that time, he added.

Fletcher painted a harrowing picture of the devastating effects of the conflict on the children of Gaza. Thousands lost their lives, an estimated 17,000 have been left without their families, and many more were injured or are suffering from malnutrition and psychological trauma.

He gave examples of the cruel conditions under which young people have been forced to lived, cited instances of unborn children perishing with their mothers, and detailed the desperate plight of more than 150,000 pregnant women and new mothers who are in urgent need of healthcare.

“The children of Gaza have been killed, starved, maimed, orphaned and separated from their families,” Fletcher said as he condemned the violence and deprivation. “A generation has been traumatized.”

Aside from the physical harm, children have endured deep psychological scars, with UNICEF estimating that 1 million youngsters are in need of mental health support for anxiety, depression and suicidal thoughts.

“Many have faced sexual violence,” Fletcher said. “Girls, who have endured the additional indignity of no access to menstrual care, have been left exposed and vulnerable.”

The war has had devastating effects on education as well, with schools destroyed and many children denied access to learning, he added.

But despite the overwhelming challenges, the international humanitarian community has made significant strides in the days since the ceasefire came into effect on Sunday, Fletcher said.

He highlighted the increased flow of aid into Gaza, including food, medical supplies and fuel, which has enabled critical services to resume or continue operating.

With the UN Relief and Works Agency at the forefront of the efforts, humanitarian agencies have scaled up their operations, delivering emergency shelter to protect people from the winter weather, food and life-saving medical care.

“We are getting supplies to designated emergency shelters and distribution centers across the Gaza Strip,” Fletcher said.

“We are delivering food parcels, distributing fuel to ensure that healthcare and water systems can function, and reopening bakeries to help meet basic nutritional needs.”

While these efforts are vital, Fletcher stressed that they will only be able continue with sustained funding and unimpeded access.

He appealed to UN member states to help replenish humanitarian stockpiles and called for greater involvement of the private sector to meet the needs of the 2 million residents of Gaza.

Fletcher stressed the urgent need for donations to help meet the $4.07 billion target of the UN’s 2025 Flash Appeal, to help address the needs of 3 million people in Gaza and the West Bank. Almost 90 percent of the total is needed for the humanitarian response in Gaza alone.

But while much of the international attention has focused on the Strip, Fletcher also warned the Security Council about the deteriorating situation in the West Bank, where violence and displacement have reached unprecedented levels since October 2023.

He described attacks by Israeli settlers on Palestinian villages, and ongoing military operations, particularly in Jenin, that have displaced thousands and caused significant damage to infrastructure.

“The situation in the West Bank must not be ignored,” Fletcher said. “We need to ensure that humanitarian aid and protection reach those in need, and that international law is respected.”

He once again urged council members to ensure the ceasefire holds, and that the flow of aid continues to those in need, in both Gaza and the West Bank. He called for the protection of Palestinian civilians, the release of all hostages and detainees, and unimpeded access for humanitarian workers.

“The children of Gaza are not collateral damage,” Fletcher said. “They are as deserving as children everywhere of security, education and hope. We must be there for them now, when they need us most.”


Trump pardons 23 anti-abortion protesters

Trump pardons 23 anti-abortion protesters
Updated 14 min 26 sec ago
Follow

Trump pardons 23 anti-abortion protesters

Trump pardons 23 anti-abortion protesters

WASHINGTON: US President Donald Trump signed pardons Thursday for 23 anti-abortion protesters whom the White House said were prosecuted under his predecessor Joe Biden’s administration.
“They should not have been prosecuted. Many of them are elderly people,” Trump told reporters in the Oval Office the day before a major anti-abortion march in Washington.
“This is a great honor to sign this.”
An aide at the ceremony said the pardoned people were “peaceful pro-life protesters” but the White House did not immediately release more details on them.
US media said the protesters were convicted of blocking access to abortion clinics.
Republican Trump is reportedly due to address the “March for Life” in Washington on Friday by video, while Vice President JD Vance is set to appear in person.
Trump has recently kept his position on the politically explosive issue of abortion deliberately vague.
While the US Christian right has called for federal restrictions on the practice, Trump has said he wants to leave the issue to individual US states to decide.
But he has repeatedly claimed credit for the 2022 ruling by the US Supreme Court — conservative-dominated thanks to justices appointed during his first term — that overturned the nationwide federal right to abortion.
Since the Supreme Court ruling, at least 20 US states have brought in full or partial restrictions on abortion.
Trump has reached out to his base with a series of pardons since starting his second presidential term on Monday.
Within hours of his inauguration, he pardoned some 1,500 people accused of involvement in the January 6, 2021 attack on the US Capitol by supporters trying to overturn his election loss to Biden.
Trump then on Wednesday pardoned two police officers who were convicted over the death of a 20-year-old Black man in a car chase in Washington in 2020.


Gaza hostage families conflicted over those not on release list

Gaza hostage families conflicted over those not on release list
Updated 48 min 44 sec ago
Follow

Gaza hostage families conflicted over those not on release list

Gaza hostage families conflicted over those not on release list

TEL AVIV: The families of Israeli hostages held in Gaza are trapped in limbo, two days before the second prisoner exchange of the Israel-Hamas ceasefire, with many having relatives both on the list to be freed and those who aren’t.
Among them is Silvia Cunio, an Argentine-Israeli from the Nir Oz kibbutz community. She has two sons in captivity, one of whom was taken along with his partner Arbel Yehud.
She is on the list — but the Cunio brothers, David and Ariel, are not.
They are among the 91 hostages taken captive during Hamas’s October 7, 2023, attack and still held in the Gaza Strip. Of that number, 34 are dead according to the Israeli military.
The ceasefire’s 42-day first phase began on Sunday with the release of three women hostages. A total of 33 captives are to be exchanged during the initial phase in return for around 1,900 Palestinian prisoners held in Israeli jails.
Standing in front of the office of Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Cunio demanded that the ceasefire deal continue beyond the first phase to completion so she could see her sons again.
“I came here to say that I continue to fight for my children... to demand that they stop the war and don’t stop fighting for my children,” she said, wearing a T-shirt with their image on it.
Cunio presented herself as an untrammelled optimist, saying that her sons “will come back in good health. That is my hope and it is what keeps me going.”
Whenever she appears on TV, Cunio addresses her sons directly, just in case they might hear her.
“David, my darling, Ariel... I am here, I am fighting, I am doing everything I can. We love you. Be strong. We are here waiting for you.”
Another hostage relative, Sharon Sharabi, has two brothers Eli and Yossi in Gaza. Eli is presumed alive. The Israeli military said early last year that Yossi was dead.
As a man over 50, Eli Sharabi is on the list of 33 to be freed, alongside women, children and hostages who are ill or injured. The release of the remaining 61 people taken by Palestinian militants is dependent on further negotiations.
“As far as we know, Eli is alive. We have not received any statement from the security forces or the (military) confirming that Eli is no longer alive. So we want to maintain this optimism and pray that we will see him on his feet very soon,” said Sharabi.
Moved by the possibility, he allowed himself to imagine a reunion between his nearly octogenarian mother and his brother.
Yet, within moments, anxiety intruded.
If his brother Eli returns, Sharon Sharabi will have to tell him that his wife and two daughters were killed on October 7, 2023, and that their brother Yossi died in captivity.
Yossi and Eli were taken captive from Beeri, a kibbutz community where Eli’s wife and teenage daughters were found dead in their home.
Itzik Horn, 72, also an Argentine-Israeli, has similar contrasting emotions. He hopes for the release of his son Yair, 46, who is on the list of 33 because of his diabetes.
But there is also the pain of his other son, Eitan, 38, remaining in Gaza.
“They cut me in half. This is an impossible situation. One son might be released, and the other one isn’t,” Horn said.
Eitan was visiting his older brother in Nir Oz on October 7, when militants took the two of them hostage.
The kibbutz, less than three kilometers (two miles) from the Gaza border, was hit extremely hard during the Hamas attack. More than 30 people were killed in Nir Oz and 70 taken hostage, with 25 still in the Gaza Strip.
Horn was angry, insisting that “everyone has to return, including the bodies.”
He admitted that dark humor helped him cope with the pain.
“Yair inherited his diabetes from me and he was always mad at me (for it). Now, if he’s freed first because of his illness, he’ll be able to thank me,” he joked.
Asked what he would do if, after the first phase of the ceasefire the war resumed, Horn said: “I’m going to burn the country down... because that’s like signing their death sentence.”