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Enova in deal to power Majid Al Futtaim shopping malls

DUBAI, June 7, 2017

Enova, a regional leader in integrated energy and multi-technical services, said it has signed its first solar power deal with the UAE-based Majid Al Futtaim Properties under which it will install solar panels to power four of its shopping malls by 2018. 
 
Created in 2002 as a joint venture between Majid Al Futtaim Ventures and Veolia, a French water and energy management company, Enova provides performance-based facilities and energy management solutions that help customers achieve their financial, operational, and environmental targets.
 
The deal is set to cut the four malls’ carbon dioxide emissions by 3,200 tons per year – the equivalent of taking 700 cars off the roads – and will see the technology installed at Dubai’s Mall of the Emirates, City Centre Deira, City Centre Mirdif and City Centre Fujairah. 
 
The solar panels contain photovoltaic cells, which absorb energy from the sun and convert it into electricity. The power generated is then fed directly into the malls’ electrical network. This will deliver an expected savings of Dh80 million ($22 million), said Anne Le Guennec, the chief executive of Enova, after signing the agreement with Fuad Mansoor Sharaf, the managing director for Majid Al Futtaim Properties, Shopping Malls (UAE, Bahrain and Oman).
 
Majid Al Futtaim Properties' City Centre Me’aisem and My City Centre Al Barsha were the first malls to be fitted with solar panels a year ago.  This new agreement covering four more UAE malls strengthens its pioneering role in the region and is the first solar project to involve Enova, she stated. 
 
Under this agreement, which was signed on World Environment Day (June 5), the United Nations’ annual initiative to promote sustainability, about 12,500 panels will be installed across the buildings, covering an area of 25,000 sq m, including 1,020 car ports. 
 
Feasibility studies are under way with a view to rolling the project out across other assets. The scheme will enable Majid Al Futtaim Properties to generate 6,000 MWh of electrical energy annually, earning it points with the Leed (Leadership in Energy and Environmental Design) certification system, a globally recognised green building benchmark. 
  
"Everyday throughout the Middle East, Enova helps firms achieve their best performance and environmental targets, freeing them to concentrate on their core business activities" remarked Le Guennec. 
 
"Our energy management solutions are based on a comprehensive package of services, including design, commissioning, strategy and long-term maintenance – and when parts eventually expire we’ll take them away for recycling," she stated.
 
Benefiting from the global experience of its parent company Veolia, Enova is able to offer a holistic and circular solution for when the solar panels will need to be replaced after an expected lifespan of around 25 years. 
 
With more than 2,000 highly trained and multi-skilled employees, it serves a wide portfolio of clients in the public, residential, commercial, industrial and healthcare sectors across the region.
 
Enova has helped previous clients recycle worn parts from its renewable energy systems in compliance with environmental legislation such as the European Union’s WEEE (Waste Electrical and Electronic Equipment) directive, which requires solar panel importers and manufacturers to collect and process end-of-life equipment. 
 
On the Enova partnership, Sharaf said: "Investing in renewables aligns with Majid Al Futtaim’s commitment to become a regional leader in environmental stewardship, set out in its ambitious Net Positive strategy and Renewable Energy White Paper. We want to lead by example by applying international best practices across our portfolio and have a positive impact on the communities we serve."
 
Ibrahim Al Zu’bi, the head of sustainability at Majid Al Futtaim – Holding, said: "Our sustainability mission is to enhance people’s lives through sustainable real estate. We aim to slash water and energy consumption, creating more of these resources than we consume by 2040, and at least five per cent of energy used will come from renewable sources by 2018."
 
"We have made a concerted effort to apply best-practice global green building standards across our premises across the region and have already introduced several energy efficiency measures thanks to the support of Enova," noted Al Zu’bi.
 
"Majid Al Futtaim is excited to keep on building on the partnership with Enova to lead the way towards a more sustainable future,” he added.-TradeArabia News Service 



Tags: Energy | Veolia | Majid Al Futtaim | Shopping malls | Enova |

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