SirajPower Appointed As a New Solar Partner by Danube Group

Press release
Published June 9th, 2020 - 06:30 GMT
SirajPower Appointed As a New Solar Partner by Danube Group
SirajPower previously reported that commercial and industrial businesses will look into reducing their operating costs and limiting their cash expenses to be able to resume their business and brave the financial crisis ahead.
Highlights
The company was selected to take over the financing, operation, and maintenance of its solar rooftops in Dubai

SirajPower, UAE’s leading distributed solar energy provider, has been appointed by one of UAE’s largest conglomerates, Danube Group as its new solar partner in the UAE.

The group commissioned SirajPower to take over the financing, operation, and maintenance of its 1MWP solar power plant spread across JAFZA and Dubai TechnoPark. The solar system will cover approximately 13,000 sqm roof area and is expected to generate 1.7 GWh of annual energy production. The project will also help displace over 1,200 metric tons of carbon dioxide emission (Co2) per annum, corresponding to more than 150 million smartphones being charged.

Laurent Longuet, CEO of SirajPower said: “It’s a privilege to add to our robust portfolio another major UAE player such as Danube Group. The trust shown in our unique business model reflects the remarkable expertise and reputation we’ve developed in this important sector of the market. The private sector’s appetite for solar plants has been quickly increasing over the past few years and different solar solutions are being offered. We thank Danube Group for selecting us as a reliable partner to help them achieve their clean energy transition and contribute to the sustainable development of the UAE.”

 

Rizwan Sajan, Founder, and Chairman of Danube Group said: “We at Danube Group, have always supported initiatives that are good to our society and surroundings. We think it is now more important than ever to adapt to sustainable resources, considering the harmful effects of global warming that are looming large. By getting these panels installed at our facilities, not only will we save on our cost of electricity, but also the environment. So, I would like to urge every entrepreneur out there to employ measures and practices that are good for the conservation of our natural resources. Additionally, I would like to thank SirajPower for being such a wonderful partner in providing these full-fledged solar power services.”

SirajPower previously reported that commercial and industrial businesses will look into reducing their operating costs and limiting their cash expenses to be able to resume their business and brave the financial crisis ahead. According to CEO Laurent Longuet, in such a context, solar energy combined with financing solutions such as the leasing model will be helpful when it comes to easing energy expenses. 

“This will allow private companies to reduce their electricity bill in a very significant manner without any upfront investment. This is a model we promoted for many years and we strongly believe it will contribute to mitigating the economic impact of the crisis on our clients and other companies embracing renewable energy.”

Since the beginning of 2020, SirajPower has considerably expanded its footprint in the residential sector whilst steadily further strengthening its presence in the commercial and industrial sectors. As a result, to date, SirajPower holds the largest solar energy portfolio in the region with over 50 MWp already under operation.

Background Information

Danube

Established in the year 1993, Danube Group was founded and cultivated under the leadership of Rizwan Sajan, who is the known to be the Founder and Chairman of the Group. Starting off as a small trading firm, the company is moving from strength-to-strength, expanding its foothold in the region, and has established itself as the No. 1 building Materials Company along with other branches under its vast umbrella. In 2015, the company recorded a turnover of AED 5.14 billion and has been growing ever since. Moreover, Rizwan Sajan was ranked 12th among the ‘Top 100 Indian leaders in the UAE’ List by Forbes Middle East.

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