UA E NET ZERO BY 2050
Monday, Januar y 16, 2023
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EMICOOL signs agreement to increase solar capacity by 238% Company is maximising efforts towards inculcating more renewable energy practices in its operations to support the government’s wider sustainable agenda
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mirates District Cooling Company (EMICOOL), a joint venture between Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) and Actis LLC, a leading global investor in sustainable infrastructure, has signed a Solar Photovoltaic System Leasing and
Operation Agreement with Emirates Electrical Engineering (EEE), one of the solar market leaders in the UAE. The agreement confirms the company is increasing its solar capacity by 238 per cent within its District Cooling Plant 1 (DCP1) along with its head office boundaries, located in Dubai Investments Park 1.
The agreement aligns with EMICOOL’s strategic objectives towards maximising the penetration of clean and renewable energy to their processes and
supports energy transition into low carbon emissions, and increasing the overall solar penetration to portfolio. With the latest solar facade transformation project, EMICOOL aims to reach 350 KWP (Solar Productive Capacity) for the DCP1 plant. Dr Adib Moubadder, Chief Executive Officer at EMICOOL,
Top: Electric cars at EMICOOL headquarters; Above and left: Solar panels installed by EMICOOL
says, “As an important economic player within the UAE, Emicool is pursuing efforts to support and enhance the nation’s national strategies like the Dubai Integrated Energy Strategy 2030, as well as the UAE’s 2050 Strategy, contributing to the company’s wider sustainability agenda. We are always focused on integrating the latest technology to
Representatives of EMICOOL and Emirates Electrical Engineering at the signing
Strengthening the Net Zero vision for customers At Xylem the vision involves helping utilities make giant leaps in their Net Zero ambitions
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he Net-Zero dream is big yet often wounded by loose commitments. However, with more and more entities realising the importance of being responsible, ambitious Net Zero charters that are fortified by technology are being put forward, especially in the water industry. At Xylem, our vision is to solve water issues and help utilities make giant leaps in their Net Zero ambitions. As a company, sustainability is at the core of everything we do — which is intertwined with our external workings and guides our internal aspirations to Net Zero before 2050. Our goals are mapped out into three main pillars: Customers, the company and communities and touch upon critical areas across our value chain: Decarbonisation, watershed resiliency and stewardship, and equity. So far, we have made steady progress. We are decarbonising the water sector and reducing greenhouse gases released across both our customer value chains. In tandem, we are empowering communities by aligning philanthropic partnerships that focus on decarbonisation, including nature-based climate solutions. When it comes to stewardship, Xylem is providing innovative solutions to address water challenges already threatening the health of watersheds around the world and generating huge water, energy and cost savings. Speaking of equity, we strive for all people to have equitable access to water and sanitation services and to have a voice in the design and management of those services. Additionally, we have created an organisation that is centred on diverse representation and inclusivity. To this end, we are committing 1 per cent of our profits every year and 1 per cent of our employees’ time towards contributing to sustainability. Winning the race to Net Zero goes beyond environmental successes, and as a fraternity, we have a real opportunity to break from the status quo, creating smarter utilities and a healthier planet.
reach net-zero and this partnership will greatly impact our business by maximising and reshaping already existing objectives to improve green energy penetration and contribute to enhancing the quality of life.” EMICOOL operates in a wellinvested business model that has grown to a platform of 18 operational DC (District Cooling) plants, having a total cooling capacity of more than 330,000 TR. The company has a proven track record in supplying cooling services with thousands of satisfied customers located in several areas. EMICOOL provides district cooling services to DIP, Dubai Motor City, Dubai Sports City, Uptown Mirdif, Palazzo Versace, Damac Hills and Mirdiff Hills, Night Souk by Nakheel, RTA Metro Stations (Expo line), and DWTC at the Expo 2020 site.