Emirates News Agency – Aldar launches sustainable project to reduce energy...

ABU DHABI, 17th January / WAM/ Aldar Properties PJSC (Aldar) announced the launch of a sustainable project to enhance the efficiency of energy consumption management, in a significant step through which it aims to reduce electricity consumption by 20% across 80 assets from its portfolio, including hotels, schools, commercial assets and facilities. Recreational, residential and retail real estate.

In addition to contributing to reducing the company’s carbon footprint, the project will enable Aldar to achieve savings of up to 40 million dirhams annually within the budget for energy consumption costs.

Through this project, Aldar aims to reduce carbon emissions across its asset portfolio by 80,000 tons, reduce electricity consumption by up to 110 gigawatt-hours, and water consumption by 886,000 cubic meters, in addition to rationalizing the consumption of chilled water by 23 million refrigerated tons per hour. And reducing natural gas consumption by 726,000 cubic meters annually.

Greg Fewer, Chief Financial Officer and Sustainability at Aldar Properties, said: “Based on our social responsibility as a leading company in the real estate sector, we place among our main priorities the importance of taking proactive measures to reduce carbon emissions.. We aim with this major initiative to achieve our goal of gaining a vision Comprehensive and clear about energy consumption and adopting the necessary mechanisms and measures to ensure enhancing the efficiency of our portfolio of owned and managed assets..Aldar has achieved advanced levels in this process, especially after it cooperated with many leading international companies in the energy services sector to help them reduce energy consumption emissions significantly.”

He added: “Such projects, which achieve tangible positive impacts on the environment, will enhance the efficiency of our business and raise our levels of success. They also provide an ideal model for optimizing the use of time and efforts within sustainability initiatives, in order to achieve significant financial returns in line with societal priorities. more broadly and comprehensively.

Based on advanced audits conducted by a number of selected partners, Aldar has entered into five-year energy efficiency contracts with four companies specializing in the energy services sector, including Siemens, Enova and Engie / in cooperation with Tabreed”/ and “Johnson Controls”/in cooperation with the “Alliance for Global Sustainability”/.. Each energy systems management company will be under the responsibility of a number of assets, while GRFN International has been appointed as the advisory body to manage this sustainable project. .

The next phase of this project will see the four companies implement a package of development projects across 80 assets, which are expected to be completed by the third quarter of 2022.

Upon completion of this sustainable project, these companies will achieve guaranteed energy savings over five years, which will be measured and verified in accordance with the standards and guidelines contained in the International Protocol for Performance Measurement and Accreditation (IPMVP/).

This sustainable project to enhance the efficiency of energy management is in line with Aldar’s strategy towards achieving comprehensive sustainability, and in line with its desired goals towards rationalizing energy consumption and reducing its carbon footprint by 2025.

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