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EMICOOL signs agreement to increase solar capacity by 238%

Emirates District Cooling Company (EMICOOL), a joint venture between Dubai Investments, a leading investment company listed on the Dubai Financial Market (DFM) and Actis LLC, a leading global investor in sustainable infrastructure, has signed a Power Purchase Agreement with Emirates Electrical Engineering (EEE), one of the solar market leaders in the UAE.  The agreement confirms the company is increasing its solar capacity by 238% within its District Cooling Plant 1 (DCP1) along with its head office boundaries, located in Dubai Investments Park 1.  The agreement aligns with EMICOOL’s strategic objectives towards maximizing the penetration of clean and renewable energy to their processes and supports energy transition into low carbon emissions, increasing the overall solar penetration to portfolio. With the latest solar facade transformation project, EMICOOL aims to reach 350 KWP (Solar Productive Capacity) for the DCP1 plant.

Link: https://www.wam.ae/en/details/1395303104931

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