UAE-based SirajPower doubles installed solar capacity to 100 MWp SirajPower installations can now displace 65,000 metric tons of CO2 emissions
UAE-based distributed solar energy provider, SirajPower, says it doubled its solar assets in 2020, achieving a 100 MWp distributed solar portfolio.
The company currently operates and maintains more than 180 facilities in the UAE – this covers an area of 600,000 sqm of roofs, the equivalent of 112 football fields, and displaces 65,000 metric tons of CO2 emissions.
SirajPower’s business model involves the construction and operation of solar rooftops for commercial and industrial applications.
SirajPower last year began to provide new technologies such as solar hybrid systems with battery storage for distributed generation. Furthermore, the company started offering O&M (operation and maintenance) services to other solar plant owners beyond its portfolio.
The company also signed a financial transaction signed with Apicorp to establish a lease-funding platform for distributed solar energy. The $50m portfolio debt financing will help expand SirajPower’s offering to businesses regionally. To close this deal, SirajPower was supported by Creek Capital, a Dubai-based climate impact investor that counts SirajPower as one of its portfolio companies.
“We have expanded our market focus by making forays into new sectors such as education, real estate, and F&B,” said Laurent Longuet, CEO at SirajPower. “We are witnessing a snowball effect in the market with an increase in the volume of demand for our solar solutions.”
Source: gulfbusiness
