Seef Properties, the largest real estate developer in the Kingdom of Bahrain, announced the signing of a power purchase agreement (“PPA”) with Yellow Door Energy (“YDE”), the leading sustainable energy partner for businesses in the Middle East and Africa. The landmark agreement will bring clean electricity to four premier retail destinations: Seef Mall – Seef District, Seef Mall – Isa Town, Seef Mall – Muharraq, and Al Liwan.
The solar power plants will have a combined capacity of 9.2 megawatts-peak (MWp), featuring over 15,600 solar panels. Approximately half of the solar panels will be placed on rooftops, and the other half will be installed as bifacial high-efficiency modules in car parks across the four shopping malls. Once completed, the solar power plants are expected to produce 14,900 megawatt-hours (MWh) of clean energy in the first year of operation. This is equivalent to over 10,000 metric tons of carbon emissions avoided.
Ahmed Yusuf, CEO of Seef Properties, expressed his enthusiasm for the initiative, stating: “Our commitment for sustainable business practices is evident in this PPA with Yellow Door Energy, which will also significantly reduce our energy costs. Seef Properties has always been dedicated to enriching the Kingdom’s community and ensuring that our business operates in an ethical, sound and responsible manner. By leveraging YDE’s trusted capabilities, we look forward to installing solar plants in four key venues across the Kingdom, resulting in a lasting impact through a considerable reduction in carbon emissions. We are confident that this agreement will set a new benchmark for sustainable retail best practices and overall sustainable development in Bahrain.”
Jeremy Crane, Group CEO at Yellow Door Energy, said, “Yellow Door Energy is honored to partner with Seef Properties on this multi-venue solar PPA. With a strong track record and a growing portfolio now totaling 31.5 MWp of solar projects in Bahrain, we are well-positioned to continue delivering affordable, reliable, and sustainable energy solutions. This collaboration contributes to Seef Properties’ sustainability efforts and advances the Kingdom’s journey towards its Net Zero by 2060 target.”
As the solar developer, Yellow Door Energy is responsible for financing, designing, building, commissioning, operating and maintaining the solar power plants for the duration of the PPA. By working with solar developers, businesses can reduce their energy costs without any upfront investment or operational risk, while maintaining focus on their core business and enjoying the benefits of clean energy.