Saving money and the planet with solar leasing

Saving money and the planet with solar leasing

Saving money and the planet with solar leasing
The Bahrain Mall's solar project produces 10 million KWH of clean energy yearly. (YellowDoorEnery photo)
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In recent years, Saudi Arabia has stepped up its pursuit of a cleaner, greener tomorrow, positioning itself as a global energy leader championing climate action.

Under the Saudi and Middle East Green Initiatives, the Kingdom is implementing more than 80 projects in the public and private sectors with investments worth more than SR705 billion ($188 billion) to build a more sustainable future for all.

Furthermore, COP16 of the UN Convention to Combat Desertification will be held in the Saudi capital Riyadh in December.

Another important step is Saudi Arabia’s intention to reach net-zero by 2060, which requires an annual emission reduction of 278 million tonnes of CO2 equivalent by 2030.

To achieve this goal, the Kingdom is targeting 130 GW of renewable energy production capacity by 2030, increasing its share in the energy mix to 50 percent.

Tapping into its immense solar power potential, the country more than doubled its renewable energy capacity last year from 700 MW in 2022 to more than 2.2 GW.

With the growing importance of solar, companies are looking for innovative ways to switch to clean energy while reducing their electricity costs.

Solar leasing, also known as a solar power purchase agreement, or PPA, is the preferred option among multinational companies and large family-owned businesses. This solution is now widely available through leading sustainable energy developers in Saudi Arabia.

With a solar lease, companies can enjoy immediate savings with no upfront investment, while focusing on their core business and transferring the entire construction and operational risk to developers such as Yellow Door Energy.

The savings can be substantial, significantly reducing operating costs.

Solar leasing offers a cost-effective way to adopt renewable energy, lowering operational costs and enhancing an organization’s green credentials without the burden of initial capital investment.

Khaled Chebaro

With diesel pricing going up, businesses are looking to solar leasing to reduce diesel consumption and reliance on diesel generators.

Additionally, the widespread adoption of solar leasing can enhance energy grid stability and resilience by diversifying the energy supply and reducing peak demand pressures.

Solar leasing offers a cost-effective way to adopt renewable energy, lowering operational costs and enhancing an organization’s green credentials without the burden of initial capital investment.

In addition to the cost savings, this approach is hassle-free, as the operations and maintenance are entrusted to an expert with a proven track record.

Yellow Door Energy has more than 90 customers and 240 MW of awarded solar projects in Saudi Arabia, Bahrain, UAE, Oman, Jordan and South Africa.

The company implements strict health and safety standards on all its 100-plus project sites and has a robust sustainable energy asset management system to live-monitor all its operating projects and maximize clean energy production.

With its desert climate, characterized by high temperatures and water scarcity, Saudi Arabia faces several environmental challenges, including desertification and land degradation. The country is also highly susceptible to the impacts of climate change.

Innovative technologies, such as solar PV, combined with the solar lease financing solution, along with traditional efforts such as land restoration, are an integral part of a holistic approach to environmental protection, climate action and achieving the Kingdom’s net zero 2060 target.

Additionally, the expansion of solar leasing can drive job creation and economic growth in the renewable energy sector, supporting overall national development.

In summary, with the Saudi government drafting regulations to advance a just energy transition, the Kingdom’s companies have a prime opportunity to amplify their contributions to a more sustainable future through the adoption of renewable energy solutions.

Khaled Chebaro is the Saudi Arabia country director at Yellow Door Energy
 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Antonio Conte has Napoli back atop Serie A to end 2024 after miserable title defense last season

Antonio Conte has Napoli back atop Serie A to end 2024 after miserable title defense last season
Updated 32 min 44 sec ago
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Antonio Conte has Napoli back atop Serie A to end 2024 after miserable title defense last season

Antonio Conte has Napoli back atop Serie A to end 2024 after miserable title defense last season
  • Juventus and Fiorentina drew 2-2 in a match that was briefly suspended because of discriminatory chants aimed at Juventus striker Dusan Vlahovic
  • AC Milan drew 1-1 with visiting Roma

ROME: Napoli went through three different coaches during their Serie A title defense last season and ended the campaign in 10th place.

Antonio Conte was hired in July and now Napoli are ending 2024 level with Atalanta atop the Italian league again.

Substitute Giacomo Raspadori scored a late goal and Napoli beat relegation-threatened Venezia 1-0 on Sunday in their final match of the year.

Napoli trail Atalanta only on goal difference but both teams are one point ahead of defending champions Inter Milan, who have a game in hand.

“Even if I play cards with my daughter I want to win,” said Conte, who was hired to get Napoli back into the Champions League. “Personally, I don’t accept minimal goals. But we all know where we started and what the club’s objectives are.”

Atalanta drew 1-1 at Lazio on Saturday and Inter won 3-0 at Cagliari.

Also Sunday, Juventus and Fiorentina drew 2-2 in a match that was briefly suspended because of discriminatory chants aimed at Juventus striker Dusan Vlahovic; and AC Milan drew 1-1 with visiting Roma.

After Luciano Spalletti coached Napoli to the Serie A title in 2022-23, Rudi Garcia, Walter Mazzarri and Francesco Calzona managed the team last season, when the Partenopei finished a whopping 41 points behind Inter.

“What happened is in the past. The present is what counts,” Napoli captain Giovanni Di Lorenzo said. “It’s great to be back on top but there’s still a long way to go.”

Napoli had struggled to get the ball past Venezia goalkeeper Filip Stankovic, the son of former Lazio and Inter standout Dejan Stankovic. But Raspadori broke the deadlock in the 79th when he used one touch to fire in a loose ball from the center of the area less than 10 minutes after he came on.

“These are tough matches where it means a lot to come away with three points,” Raspadori said. “We know we’re on the right path.”

In the first half, Stankovic saved a penalty kick from Romelu Lukaku. Then in the second half Stankovic deflected a shot from Lukaku off the post.

Napoli produced 25 shots to Venezia’s four.

Napoli’s 27 goals scored are the least among the top six teams in the standings.

“The squad is improving under every point of view. We just need to score more goals,” Conte said.

Discriminatory chants aimed at Vlahovic prompt brief suspension

Discriminatory chants aimed at Juventus striker Dusan Vlahovic by visiting Fiorentina fans prompted a two-minute suspension during the first half.

Vlahovic, a Serbia international who played for Fiorentina before transferring to Juventus three years ago, appeared to tell the referee about the chants. The ref then stopped play, gathered the teams and ordered a warning announcement to be made over the stadium’s public address system.

The announcement said that the match would be suspended definitively if there were more discriminatory chants.

Play then resumed.

Khephren Thuram put Juventus ahead midway through the first half. Former Juventus striker Moise Kean equalized before the break with his 15th goal across all competitions this season. Thuram added another in the second half and Fiorentina equalized again with a volley from Riccardo Sottil in the 87th.

Juventus and Fiorentina are both nine points behind the leaders.

Juventus is the only unbeaten team in the league but the Bianconeri have drawn more matches (11) than they’ve won (seven).

At the San Siro, Tijjani Reijnders put Milan ahead early on and Paulo Dybala equalized for Roma. Under-pressure Milan coach Paulo Fonseca was sent off for protests at the end of the first half.

Earlier, Torino came back from two goals down to draw 2-2 at Udinese.


Feels like 1979: Nottingham Forest moves into 2nd place behind rampant Liverpool in Premier League

Feels like 1979: Nottingham Forest moves into 2nd place behind rampant Liverpool in Premier League
Updated 30 December 2024
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Feels like 1979: Nottingham Forest moves into 2nd place behind rampant Liverpool in Premier League

Feels like 1979: Nottingham Forest moves into 2nd place behind rampant Liverpool in Premier League
  • Forest was runner-up behind Liverpool in the English top tier in 1979

The Premier League table is starting to have a 1979 kind of feel to it — with Liverpool at the top of the standings and Nottingham Forest in second place as the closest challenger.
Liverpool padded its lead with a 5-0 rout of West Ham on Sunday, while upstart Nottingham Forest climbed into second place by beating Everton 2-0 to continue its surprising push for a Champions League place.
Forest was runner-up behind Liverpool in the English top tier in 1979 – the same year it won the first of two straight European Cups under Brian Clough – but hasn’t finished that high in the domestic first division since then.
The club’s long-suffering fans finally have reason to believe that the good times are back under Nuno Espirito Santo. Although the Portuguese manager was the first to point out that his team may not stay in second place for very long.
“It doesn’t mean anything,” Nuno said of his team’s position. “We haven’t achieved anything yet.”
Forest could find itself back in fourth place by Jan. 1 as it is only one point above Arsenal and two ahead of Chelsea, with both London clubs having a game in hand.
Liverpool could prove a lot harder to overtake, though, as Arne Slot’s team only seems to be growing stronger and stronger.
The performance at West Ham was one of its most impressive yet, with five different players getting on the scoresheet — including Mohamed Salah, who netted the team’s third for his league-leading 17th of the season.
Salah also had an assist to take his tally to 52 goal contributions in all competitions for the calendar year 2024 — 29 goals and 23 assists.
Salah was asked after the match if he would soon have good news for fans about his future beyond the end of this season, when his contract expires. The Egyptian told Sky Sports: “No, we are far away from that.”
“The only thing on my mind is I want Liverpool to win the league and I want to be part of that,” Salah said. “I will do my best for the team to win the trophy. There is a few other teams catching up with us and we need to stay focused and humble and go again.”
Liverpool is nine points ahead of Arsenal and 10 above Chelsea, with all three teams having played 18 games.
Manchester City is 14 points back having played 19 games, after beating Leicester 2-0 away.
Guardiola marks milestone with win
In his 500th game in charge of Man City, Pep Guardiola had some reasons to smile again.
City marked Guardiola’s milestone with a win and a goal from Erling Haaland — things that the Spaniard used to take for granted but have been increasingly rare of late for the struggling four-time defending Premier League champions.
Savinho also netted his first goal for the club in a much-needed win, although the team still looked far from the juggernaut that has dominated English soccer for much of the Spaniard’s reign.
Leicester had several chances for an equalizer before Savinho set up Haaland for the second in the 74th as City ended a five-game winless run in all competitions.
“Just relief, that is the word to express how all of us feel,” Guardiola said. “It was not the ideal performance but hopefully the victories will give our mood a better position. ... Hopefully in the new year we can bounce back a bit from a bad moment.”
This was only the club’s second win in 14 games in all competition. And even against a team mired in the relegation zone, City was pegged back for much of the second half until Haaland’s header ended Leicester’s resistance.
Savinho put the team ahead in the 21st minute by pouncing on the rebound after Phil Foden drove forward and tried a low shot from distance that Leicester goalkeeper Jakub Stolarczyk pushed to the side. The ball fell into the path of the onrushing Savinho, who lifted it over the goalkeeper and into the net.
The winger then turned provider by lifting a perfect cross into the box for Haaland to head home the second, shortly after Jamie Vardy had missed a good chance for a Leicester equalizer.
Spurs drop points again
Tottenham’s roller-coaster of a season had another downturn as Spurs conceded a late equalizer to draw 2-2 at home against Wolves.
Ange Postecoglou has come under increasing criticism of late because of his team’s all-attacking style of play and the team’s defensive vulnerabilities were on display again as Jorgen Strand Larsen was afforded space to beat Fraser Forster at his near post in the 87th minute.
Wolves had taken the lead through Hwang Hee-chan after a well-worked free kick routine in the seventh minute, but Rodrigo Bentancur equalized five minutes later and Brennan Johnson gave Tottenham the lead on the stroke of halftime.
Substitute Dango Ouattara netted an even later equalizer for Bournemouth to draw 2-2 at Fulham, while Crystal Palace came from a goal down to beat last-place Southampton 2-1.


Gas explosion kills 3 police officers, Egypt interior ministry says

Egyptian police and security stands guard in Egypt's Red Sea resort of Hurghada on January 9, 2016. (AFP)
Egyptian police and security stands guard in Egypt's Red Sea resort of Hurghada on January 9, 2016. (AFP)
Updated 30 December 2024
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Gas explosion kills 3 police officers, Egypt interior ministry says

Egyptian police and security stands guard in Egypt's Red Sea resort of Hurghada on January 9, 2016. (AFP)

CAIRO: A gas explosion killed three police officers as maintenance work was being performed at Egypt's police academy in Cairo on Sunday night, the country's interior ministry said in a statement on social media.
Two security sources said no foul play was suspected and added that two additional police personnel were injured.

 

 


Carter ‘saved countless lives’: WHO chief

Carter ‘saved countless lives’: WHO chief
Updated 30 December 2024
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Carter ‘saved countless lives’: WHO chief

Carter ‘saved countless lives’: WHO chief
  • “His work through the Carter Center has saved countless lives and helped bring many neglected tropical diseases close to elimination

GENEVA: Former US president Jimmy Carter, who died on Sunday aged 100, “saved countless lives” through his work to eliminate diseases, the head of the World Health Organization said.
WHO chief Tedros Adhanom Ghebreyesus said he was deeply saddened to hear of Carter’s passing, calling him a “true leader who inspired so many.”
“His unwavering commitment to people’s wellbeing in the United States and around the world will be remembered forever,” Tedros said on X.
“His work through the Carter Center has saved countless lives and helped bring many neglected tropical diseases close to elimination.
“President Carter’s leadership was instrumental in facilitating peace negotiations in the Middle East decades ago, and is a reminder of what our world needs the most today.
“Dear President Carter, you will be greatly missed. Rest in peace.”
The Carter Center works to fight six preventable diseases — Guinea worm, river blindness, trachoma, schistosomiasis, lymphatic filariasis, plus malaria in Haiti and the Dominican Republic — through health education and simple, low-cost prevention and treatment methods.

 


Tens of thousands protest over Spain flood response

Tens of thousands protest over Spain flood response
Updated 30 December 2024
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Tens of thousands protest over Spain flood response

Tens of thousands protest over Spain flood response
  • The October 29 tragedy killed 231 people and devastated swathes of the eastern Valencia region

VALENCIA: Tens of thousands of people demonstrated on Sunday in Valencia, hit hard by recent floods, in the latest such protest over the government response to the unprecedented natural disaster.
The October 29 tragedy killed 231 people and devastated swathes of the eastern Valencia region, leaving thousands of victims to spend Christmas without loved ones, homes or property in the traditionally Catholic country.
On Sunday, some 80,000 people, according to regional police, again denounced the handling of Spain’s deadliest natural disaster in decades.
“After everything that has happened with the floods, no politician has resigned, nor have there been any consequences, nor are they doing anything,” said Enrique Soriano.
Much of the popular anger has been directed at the head of the Valencia region, Carlos Mazon, with protesters shouting “murderer” and “criminal” and carrying signs reading “Mazon resign.”
“Mazon did not do his job. And those who don’t do their job have to go to the streets. Especially a civil servant,” said Amparo Mateos from the town of Picana.
The anger is acutely raw in Valencia, which bore the brunt of the disaster: out of the 231 people killed in the disaster, 223 were in the Valencia region. Four people are still listed as missing.
It marked a third major demonstration in Valencia over the government response, following protests held on November 9 and 30 that attracted 130,000 and 100,000 people, respectively, according to Valencia police.
Much of the anger has been focused on the fact that many residents received telephone alerts after water was already engulfing their homes, while some municipalities went without aid for days, relying on volunteers for immediate rescue work.
The popular fury was on stark display during a November 3 visit to the epicenter of the disaster by Spain’s King Felipe and Queen Letizia, alongside Prime Minister Pedro Sanchez and Mazon, when survivors pelted the delegations with mud in images that stunned the country.