Yellow Door Energy & APICORP Partners for Solar Rooftop Project in Saudi Arabia

The Arab Petroleum Investments Corporation (APICORP) has announced that it has signed two agreements with Yellow Door Energy to install a rooftop solar system at APICORP’s headquarters in Dammam and retrofit the building with energy-efficient technologies.

According to the company’s declaration, the new fittings will cut APICORP’s carbon emissions by 2,000 tons and generate up to 718 MWh of clean energy and decrease energy consumption by 35%.

“The solar lease agreement on the roof of APICORP’s headquarters in Dammam will generate 718 MWh of clean energy in the first year of operation and will have a customized mounting structure to accommodate the roof’s wavy design,” a spokesperson of the company said.

The agreements mark Yellow Door’s first project in Saudi Arabia and are estimated to be completed by the end of 2020.

“More exact dates will be disclosed as soon as we’re permitted to make them public,” the spokesperson further.

The company’s energy efficiency solutions at APICORP headquarters include retrofitting and optimizing the air conditioning and chiller systems, as well as installing over 3,500 LED light bulbs with smart control.

“Yellow Door will also install a rooftop solar project that spans 4,300 square meters,” states the company.

In 2019, APICORP and a consortium of international and regional banks invested $65 million in Yellow Door Energy to scale up investments in solar energy and efficiency solutions in emerging markets. YDE currently has over 100 MW of solar assets in development in the UAE, Jordan, Pakistan, and Egypt.