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

Republican VP candidate JD Vance says school shootings are a ‘fact of life,’ calls for better security

Republican VP candidate JD Vance says school shootings are a ‘fact of life,’ calls for better security
Updated 9 min 18 sec ago
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Republican VP candidate JD Vance says school shootings are a ‘fact of life,’ calls for better security

Republican VP candidate JD Vance says school shootings are a ‘fact of life,’ calls for better security
  • Says further restricting access to guns, as many Democrats advocate, won’t stop a psycho who wants to make headlines from going after soft targets such as schools

PHOENIX: School shootings are a “fact of life,” so the US needs to harden security to prevent more carnage like the shooting this week that left four dead in Georgia, Republican vice presidential nominee JD Vance said Thursday.
“If these psychos are going to go after our kids we’ve got to be prepared for it,” Vance said at a rally in Phoenix. “We don’t have to like the reality that we live in, but it is the reality we live in. We’ve got to deal with it.”
The Ohio senator was asked by a journalist what can be done to stop school shootings. He said further restricting access to guns, as many Democrats advocate, won’t end them, noting they happen in states with both lax and strict gun laws. He touted efforts in Congress to give schools more money for security.
“I don’t like that this is a fact of life,” Vance said. “But if you are a psycho and you want to make headlines, you realize that our schools are soft targets. And we have got to bolster security at our schools. We’ve got to bolster security so if a psycho wants to walk through the front door and kill a bunch of children they’re not able.”
Vance said he doesn’t like the idea of his own kids going to a school with hardened security, “but that’s increasingly the reality that we live in.”
He called the shooting in Georgia an “awful tragedy,” and said the families in Winder, Georgia, need prayers and sympathy.
Earlier this year, Vice President Kamala Harris, the Democratic presidential nominee, toured the bloodstained Florida classroom building where the 2018 Parkland high school massacre happened. She then announced a program to assist states that have laws allowing police to temporarily seize guns from people judges have found to be dangerous.
Harris, who leads the new White House Office of Gun Violence Prevention, has supported both stronger gun controls, such as banning sales of AR-15 and similar rifles, and better school security, like making sure classroom doors don’t lock from the outside as they did in Parkland.


UK to supply Ukraine with hundreds of new missiles

UK to supply Ukraine with hundreds of new missiles
Updated 10 min 28 sec ago
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UK to supply Ukraine with hundreds of new missiles

UK to supply Ukraine with hundreds of new missiles

LONDON: The UK will send Ukraine 650 new specialist missile systems to boost its air defenses, London said Friday, weeks after Ukrainian President Volodymyr Zelensky criticized the pace of weapons deliveries.

The first batch of the “Lightweight Multirole Missile (LMM)” systems — made by French defense group Thales — were set to be dispatched by the end of the year, the government said, as it bids to “speed up deliveries of aid.”

The £162-million ($213-million) package will be formally announced by Defense Secretary John Healey at a meeting Friday of Ukraine’s Western allies in Germany.

“This new commitment will give an important boost to Ukraine’s air defenses and demonstrates our new government’s commitment to stepping up support for Ukraine,” he said in a statement.

“In recent days we have seen the tragic cost of Russia’s indiscriminate strikes on Poltava and Lviv.

“These new UK-made missiles will support Ukraine to defend its people, infrastructure, and territory.”

Healy took up the post in early July, after Labour replaced the Conservatives in power in the UK after 14 years in opposition.

The new missiles order comes days after he told Ukrainian counterpart Rustem Umerov that Britain would “ramp-up support over the coming months” during talks in London.

He confirmed that £300 million worth of artillery ammunition will also start to arrive in Ukraine within months, according to the UK Ministry of Defense.

It said the latest missiles package was part of efforts to “step up UK and European defense production.”

Thales, which builds the systems in its Belfast factory in Northern Ireland, describes the LMM on its website as “a lightweight, precision strike multi-role missile.”

It is “designed to be fired from a variety of tactical platforms on land, sea and air against a wide range of conventional and asymmetric threats,” according to the arms-maker.

The UK has already provided hundreds of LMMs to Ukraine for air defense, the ministry noted, adding they had been used to destroy Russian drones and other aerial threats.

Britain has been one of Kyiv’s biggest backers in its fight against Russia’s full-scale invasion, supplying long-range Storm Shadow cruise missiles and a squadron of 14 Challenger 2 tanks deployed early last year.

In a post on X last month, Zelensky praised the supply of lethal UK aid, noting it had saved thousands of lives, but added that “unfortunately, the situation has slowed down recently.”

London promptly insisted its support remained “absolutely resolute.”


On rare Haiti trip, Blinken pledges aid and calls for more support

On rare Haiti trip, Blinken pledges aid and calls for more support
Updated 19 min 6 sec ago
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On rare Haiti trip, Blinken pledges aid and calls for more support

On rare Haiti trip, Blinken pledges aid and calls for more support

PORT-AU-PRINCE: US Secretary of State Antony Blinken on a rare visit to violence-ravaged Haiti on Thursday heard guarded optimism as he promised $45 million in aid, urged greater international support for a new security mission and sought concrete action toward elections.

Blinken was the highest-ranking US official in nearly a decade to visit the country, which has been plagued by instability and whose capital had virtually been taken over by criminal gangs.

On Thursday, Blinken promised $45 million in humanitarian aid, but voiced concern about the long-term future of a Kenya-led police force that has been tasked with stabilizing Port-au-Prince and beyond.

He said he would convene talks at the United Nations later this month to raise support for the force, which arrived two months ago and is known as the Multinational Security Support Mission.

“At this critical moment, we do need more funding, we do need more personnel, to sustain and carry out the objectives of this mission,” he said.

Meeting Blinken, interim Prime Minister Garry Conille acknowledged that Haiti faced an “extremely complex” situation but voiced hope.

“If our partners bear with us, commit to us, we will achieve the goals. Progress we’ve achieved so far is actually quite remarkable,” he said.

The top US diplomat, too, saw reason for optimism.

“What I am seeing is tremendous resilience and the emergence — the reemergence — of hope,” Blinken said.

Speaking in French, Blinken addressed Haitians at a news conference: “We are with you.”

The senior US official zipped in an armored motorcade through crowded, pothole-ridden streets strewn with garbage for meetings in the safety of the US ambassador’s residence, after arriving at an airport where limited commercial flights only recently resumed.

Haiti has not held elections since 2016, widening a political vacuum that has worsened existing security and health crises.

In hopes of moving toward a more legitimate government, the United States and Caribbean nations recently worked to establish a transitional council representing key stakeholders, with Conille as interim prime minister.

“The critical next step that we talked about is setting up an electoral council. We hope to see that stood up soon,” Blinken told the coordinator of the transitional council.

Blinken acknowledged that greater security would be the “foundation” for all progress, including on elections.

The coordinator of the transitional council, Edgard Leblanc Fils, said he hoped to move toward the electoral council next week with a goal of elections in November 2025 and a transfer of power in February 2026.

“Progress has been made on security but there remains much to do,” Leblanc Fils said.

Gangs in recent years have taken over about 80 percent of the capital Port-au-Prince as any semblance of government evaporated.

US President Joe Biden’s administration has committed $360 million to the multinational mission meant to stabilize the country, including logistical support and equipment, but has also made clear it will not send US troops.

The mission is expected to include about 2,500 police officers, including from Bangladesh, Benin and Jamaica.

But its establishment was repeatedly set back both by a court in Kenya questioning the legality of the mission and by struggles to complete financing for the force, which is estimated to cost about $600 million per year.

To secure funding, the Biden administration has voiced willingness to make the mission a UN peacekeeping operation, after deliberately not putting the force under the UN flag due to grim past memories in Haiti.

The United Nations Stabilization Mission in Haiti, which deployed from 2004 to 2017, was tarnished by accusations of sexual abuse by peacekeepers and the force’s accidental introduction of cholera, which killed some 10,000 people.

As Blinken visited, Port-au-Prince was also facing a new energy challenge, with a key power plant going dark after being stormed by demonstrators angered by recurring blackouts.

Blinken also pressed Haitian leaders to take action against corruption, a serious concern in the country.

The last secretary of state to visit Haiti, John Kerry, met then-president Michel Martelly in 2015.

Last month, US authorities slapped sanctions on Martelly, who mostly lives in Miami, for allegedly trafficking drugs destined for the United States.

Blinken said that the action against Martelly showed that “we will use every tool that we have to hold accountable those who facilitate violence, drug trafficking, instability.”

The US secretary of state did not stay overnight in Haiti, landing in Santo Domingo on Thursday for meetings with leaders of the Dominican Republic.


Hunter Biden pleads guilty to tax evasion charges

Hunter Biden pleads guilty to tax evasion charges
Updated 22 min 49 sec ago
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Hunter Biden pleads guilty to tax evasion charges

Hunter Biden pleads guilty to tax evasion charges

LOS ANGELES: Joe Biden’s son Hunter pleaded guilty in a tax evasion trial on Thursday, without reaching the deal he had sought with prosecutors, in a case that has been an embarrassment for the US president.

The 54-year-old admitted nine counts related to failing to pay $1.4 million in taxes over the past decade, money that prosecutors said he splurged instead on luxury living, sex workers and a drug habit.

The pleas came on the day jury selection for a trial had been due to start, and hours after Biden had offered to plead guilty in the hope of striking a deal that might keep him out of prison.

But no deal materialized and Biden made the pleas in open court.

US District Judge Mark Scarsi set sentencing for December 16. Biden faces up to 17 years in prison and a fine in excess of $1 million.

A trial had been expected to re-hash sordid details of a life that the defendant and his family — including the president — have long acknowledged had gone off the rails.

“I will not subject my family to more pain, more invasions of privacy and needless embarrassment,” US media reported Biden saying in a statement.

“Prosecutors were focused not on justice but on dehumanizing me for my actions during my addiction.”

Biden has already spent a chunk of 2024 in court, having been convicted in Delaware of lying about his drug use when he bought a gun — an act that is a felony.

He has yet to be sentenced for that crime, and could face up to 25 years imprisonment.

President Biden has the power to pardon his son, but has said he would not do so.

White House Press Secretary Karine Jean-Pierre told reporters Thursday that his position had not changed.

“It is still very much a ‘no’,” she said.

Lawyers for Biden have said he was only being brought before the court because of who he is.

“They want to slime him because that is the whole purpose,” Biden’s attorney Mark Geragos reportedly said during an August hearing in which he accused prosecutors of attempted character assassination.

Biden’s defense team has argued that the non-payment of taxes was an oversight in a life wrought chaotic by a spiraling drug addiction and the trauma of losing his older brother, Beau, to a brain tumor in 2015.

Biden has paid the back taxes, as well as penalties levied by authorities, and had previously reached a plea deal that would have kept him out of jail.

That agreement fell apart at the last minute, and Biden is understood to have been trying to reach another since then.

That has been difficult for prosecutors, whose every move in this election year is being scrutinized by Republicans, who charge the defendant is being treated leniently because he is the president’s son.

Hunter Biden has for years been a foil for his father’s political opponents, who have sought — without producing evidence — to smear the family as a group of criminals who have gained wealth and power because of Joe Biden’s career.

The elder Biden’s withdrawal from the presidential race in favor of Kamala Harris has taken much of the zeal out of the Republican drive to make an example out of his son.

Nevertheless, prosecutors appeared unwilling to cut him any slack.

An attempt on Thursday morning by Hunter Biden to enter a so-called “Alford plea,” whereby he would admit guilt because of the high probability of conviction but maintain his innocence, was rebuffed.

“I want to make crystal clear: the US opposes an Alford plea,” prosecutor Leo Wise told the court. “Hunter Biden is not innocent, he is guilty.”

In his statement, Biden, who lives in Malibu, said his drug addiction was “not an excuse, but it is an explanation for some of my failures at issue in this case.”

“I have been clean and sober for more than five years because I have had the love and support of my family.

“I can never repay them for showing up for me and helping me through my worst moments.

“But I can protect them from being publicly humiliated for my failures.”


Tunisian judge orders release of jailed presidential candidate Ayachi Zammel

Tunisian judge orders release of jailed presidential candidate Ayachi Zammel
Updated 39 min 53 sec ago
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Tunisian judge orders release of jailed presidential candidate Ayachi Zammel

Tunisian judge orders release of jailed presidential candidate Ayachi Zammel
  • Zammel was arrested on Monday on suspicion of falsifying voter forms, a charge he denies
  • He is one of the 3 candidates approved to run in the Oct. 6 election along with President Saied and Zouhair Maghzaoui

TUNIS: A Tunisian judge ordered the release of presidential candidate Ayachi Zammel from jail on Thursday, lawyers said, a month before an election that opposition critics say is rigged in favor of President Kais Saied.
Zammel was arrested on Monday on suspicion of falsifying voter forms. Each candidate must submit forms from 10,000 supporters to qualify for the election. He denies the allegation.
He is one of the three candidates approved to run in the Oct. 6 election along with Saied and politician Zouhair Maghzaoui.
Zammel has said he faces “restrictions and intimidation” because he is a serious competitor to Saied. He has pledged to rebuild democracy, guarantee freedoms and fix the collapsing economy.
Saied was democratically elected in 2019 then tightened his grip on power and began ruling by decree in 2021 in a move the opposition described as a coup.
Major political factions say Saied’s years in power have eroded the democratic gains of the 2011 revolution.
Tunisian opposition parties and human rights groups have accused the authorities of using arbitrary restrictions to help ensure Saied’s re-election.
The electoral commission on Monday rejected an administrative court ruling reinstating three prominent presidential candidates, reinforcing opposition fears that the commission sought to favor the incumbent president.
Law professors, rights groups and political parties said the commission’s decisions threatened to undermine the legitimacy and credibility of the elections and called on it to back down.