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Majid Al Futtaim targets 5% solar by 2018

Majid Al Futtaim, a major shopping mall, retail and leisure company across the Middle East and North Africa, plans to use solar PV to generate at least 5% of its total energy consumption at existing developments by 2018

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Al futtaim, Solar, Solar energy, News

Majid Al Futtaim, a major shopping mall, retail and leisure company across the Middle East and North Africa, plans to use solar PV to generate at least 5% of its total energy consumption at existing developments by 2018. This will be equivalent to 38GWh per year.

Robert Welanetz, chief executive at Majid Al Futtaim, Properties, said: “The decision to invest in renewable energy comes as we approach the midway point in our five-year sustainability strategy. Solar technology at existing developments will help us to reduce our carbon footprint by 27,000 absolute tonnes of carbon emissions annually.”

In the last three years, Majid Al Futtaim has reduced energy consumption by 9% across the 12 hotels in its portfolio.

The company is also exploring offsite energy production, primarily concentrated solar power, wind power plants and large scale solar PV power installations. To support this process assessments are focused on identifying potential partnership opportunities.

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