Yellow Door Energy is an international company that provides solar and other sustainable energy solutions for businesses.
Pakistan’s climatic conditions make solar energy a favorable alternative to non-renewable energy sources that are often responsible for environmental pollution. The solar market in the country is very crowded and distorted. With everything going on, businesses need a reliable solar solution to reduce their electricity costs.
With this in mind, one of the directors of the leading solar player in the market, Umer Farook, tries to explain to us what Yellow’s Door Energy is up to in Pakistan.
What is the energy of the yellow door?
UF: Yellow Door Energy is an international company that provides solar and other sustainable energy solutions for businesses.
Founded and headquartered in Dubai, UAE, the company now has over 200 megawatts of solar projects in the region.
Our solutions help businesses save money, become energy independent and reduce carbon emissions.
Tell us about your biggest clients in Pakistan
In Pakistan, we are the market leader in terms of solar power purchase agreements signed. Our clients include international and regional leaders such as Nestle, Unilever, Carrefour, Starlet Innovations, Treet and others. We provide solar PPA to these leading businesses to help them reduce their electricity costs, enjoy reliable electricity and become more sustainable.
Apart from Pakistan and UAE, are you present in any other international market?
UF: Yellow Door Energy is 100% committed to supporting businesses in Pakistan to become cleaner and greener through renewable energy.
In addition to Pakistan and the UAE, we also have solar energy projects in Jordan, Bahrain and Saudi Arabia. Agility is one of our company’s core values, so we are nimble, agile and always evaluating new market and product opportunities to help businesses become more efficient and sustainable.
What makes you stand out in the highly competitive solar market? Why should businesses pay attention to your offers?
UF: A solar power purchase agreement, or PPA, is a long-term contract with a performance guarantee for a solar power plant. There are no capital costs. The business owner would pay the monthly solar bill when the solar plant starts producing electricity. This is similar to how you would pay your monthly utility bill.
The main advantage of a PPA is that it is a performance-based contract, where the risk is borne by the developer, not the business owner. Yellow Door Energy is responsible for the financing, design, construction, commissioning, operation and maintenance of the solar power plant for the duration of the project.
Does Pakistan have any target for renewable energy?
UF: Yes, Pakistan has a target for renewable energy. According to the Nationally Determined Contributions (NDCs) submitted to the United Nations Framework Convention on Climate Change, our nation aims to have 60% of the national energy mix from renewable energy sources, including wind, hydro and solar, by 2030.
Apart from solar power purchase agreements, what other services do you provide?
UF: To complement our solar offering, we also offer hybrid or energy storage solutions. This is to address the issue of power reliability in Pakistan.
By signing a solar PPA with Yellow Door Energi, businesses enjoy lower electricity costs, with reliable power from a clean energy source.
What are the main obstacles slowing down the adoption of solar energy in Pakistan? How will you overcome these obstacles?
It’s no secret that our country is facing an energy crisis, amidst the continuing woes of the pandemic and inflationary problems, all wrapped up in the immediate threat of climate change.
The good news is that we are a resourceful, hardy and determined people. We have a highly educated and motivated workforce, along with industry leaders who understand the importance of commerce.
Uninterrupted and reliable supply of electricity is an integral part of any successful business. Solar, and a combination of solar and storage, is a great way to solve the energy crisis.
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