ADNOC partners with Masdar, Emerge to install solar panels in Stations.
Solar panels will be installed atop the service stations owned by UAE petroleum company ADNOC. As part of its efforts to produce and promote renewable energy, ADNOC will install solar panels on the rooftops of gas stations. Beginning in Dubai in 2023, ADNOC Distribution will collaborate with Masdar and the EDF venture Emerge to develop on-site solar electricity throughout its network of service stations.
Including financing, design, procurement, construction, operations, and maintenance for the solar panel installation at new service stations in Dubai while retrofitting old ones, Emerge will offer ADNOC Distribution a complete solution.
Solar panels will be installed atop the service stations owned by UAE petroleum company ADNOC. As part of its efforts to produce and promote renewable energy, ADNOC will install solar panels on the rooftops of gas stations.
Beginning in Dubai in 2023, ADNOC Distribution will collaborate with Masdar and the EDF venture Emerge to develop on-site solar electricity throughout its network of service stations.
Including financing, design, procurement, construction, operations, and maintenance for the solar panel installation at new service stations in Dubai while retrofitting old ones, Emerge will offer ADNOC Distribution a complete solution.
Solar energy is just one of several decarbonisation efforts made by ADNOC Distribution as part of its goal to reduce its carbon intensity by 25% by 2030, which is in accordance with the company’s larger sustainability plan. The company is also dedicated to investigating other solar energy decarbonisation potential at its other Industrial locations in the Emirates.
According to Bader Saeed Al Lamki, CEO of ADNOC Distribution, “sustainability is vital to our future-focused strategy at its core. To that aim, crucial alliances we have formed are a key component of our strategy. We are eager to collaborate with Masdar, Emerge, and EDF to support our lofty objectives, boost our level of competitiveness, and improve our overall company performance. With today’s announcement, ADNOC Distribution advances a significant step toward achieving the highest levels of energy efficiency while advancing our larger goals.”
The company underlines its dedication to take concrete initiatives that lower its carbon intensity while generating sustainable long-term shareholder value by partnering with Emerge.
By transforming an existing $1.5 billion (AED 5.5 billion) term loan into a sustainability-linked one in cooperation with First Abu Dhabi Bank in January 2023, the fuel company also became the first UAE gasoline and convenience retailer to get sustainable finance.
