Aldar enters agreement with EWEC to adopt clean energy across all assets
- Jan 24, 2022 4:26 pm GMT
Through the agreement, 100 percent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years in a move that aims to promote the adoption of clean energy and support the expansion of decarbonisation in the real estate sector.
At present, scope 2 emissions, associated with the purchase of electricity from the grid, represent the largest source of greenhouse gas emissions at Aldar’s real estate assets and this agreement will reduce those emissions and support decarbonisation across the company’s portfolio. The clean energy, which will be supplied to Aldar’s assets from EWEC’s clean energy sources, will be validated via Clean Energy Certificates registered by EWEC, a scheme that was launched by the
EWEC is one of the key parties enabling the implementation of Abu Dhabi’s Clean Energy Certificate scheme, acting as Single Registrant and auction operator to establish a primary market for this new instrument, conducting auctions every quarter that any organisation can participate in.
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