Majid Al Futtaim's Carrefour Jordan stores to be solar-powered by 2020
Yellow Door Energy awarded Boot contract to develop solar park for Carrefour stores in Amman, Zarqa, Madaba, and Al-Salt
UAE-headquartered family-owned business conglomerate Majid Al Futtaim said its Carrefour-branded chain of stores in Jordan would be solar-powered by 2020, with the company awarding a contract to Yellow Door Energy for the scheme.
Under the build-own-operate-transfer (Boot) agreement, Yellow Door Energy will invest in, design, construct, commission, operate, and maintain a solar park for the developer.
The park will provide 29 GWh of clean energy in the first year of operations to Carrefour stores in Amman, Zarqa, Madaba, and Al-Salt.
Yellow Door Energy will install 30,000 solar panels for the solar park, which is to be built in eastern Amman.
The park is expected to be completed and start generating clean energy for Carrefour Jordan by the spring of 2020.
Speaking on the contract win, chief commercial officer of Yellow Door Energy, Rory McCarthy, said: “We are proud to support Carrefour and Majid Al Futtaim in their sustainability endeavours while helping them reduce energy costs and improve competitiveness."
Commenting Carrefour’s plans to be solar-powered, country manager for Carrefour Jordan at Majid Al Futaim Retail, Alain Enjalbert, said: “Sustainability plays an important role in our business as illustrated by our Net Positive strategy, which aims to over compensate our water consumption and carbon emissions resulting in a positive corporate footprint by 2040.
“The Boot solar agreement will prove not only integral to helping us achieve our goals but also halving our energy costs, allowing us to pass the savings on to our loyal customers across Jordan.”
The news comes days after Majid Al Futtaim listed a 10-year corporate 'green' sukuk worth $600m (AED2.2bn) on Nasdaq Dubai, making it the world’s first financial instrument of its kind to focus on sustainability-driven investments.