Page 27 - DUBAL HOLDING PR REPORT - AUGUST 2024

8/30/24, 9:49 AM DUBAL Extrusion Investment’s OSE Industries successfully completes rooftop solar power generation project

The rooftop solar power project, executed by Emirates Electrical Engineering LLC, went live in the
beginning of July and is located on the roof tops of buildings 1 and 2 of the OSE plant. With a rated

capacity of 633 kilowatts peak (kWp), the system is expected to generate 1.1 gigawatt-hours (GWh) of
clean electricity annually. The project is estimated to produce up to 12% of OSE Industries annual
electricity power needs. In terms of its environmental impact, the annual generation of 1.1 GWh of clean
electricity can power a small town for several days or even a week, significantly reducing carbon
emissions by 440,000 Kg CO2 e and promoting sustainable practices.

Phase II of the project, covering the remaining buildings and service areas, is currently planned to be
commissioned in 2025. The project exemplifies DEI’s commitment to advancing the UAE’s sustainability
initiatives, including the DEWA SHAMS Dubai Initiative, Dubai Clean Energy Strategy 2050, and UAE
Net Zero 2050.

The project was executed under a Solar Lease Agreement, which eliminates upfront costs and ensures
a hassle-free approach with regard to operation, maintenance, and affordable energy rates. The supplier
is responsible for monitoring the system’s performance, ensuring its cleanliness and maintenance, as
well as availability of spare components. Preliminary data for July 2024 illustrates that the solar system
produced 109.5 megawatt-hours (MWh) of electricity, 12 % of monthly demand, and contributing to a

reduction of carbon emissions of 43,800 Kg CO2 e.

The rooftop solar power project installation is a testament to DEI’s dedication to environmental
responsibility and sustainable business practices. As the UAE continues to evolve and prioritise
renewable energy, DEI is poised to support this major transition and play a pivotal role in shaping a

sustainable future for the nation.

-Ends-

About DEI:

DEI (Dubal Extrusion Investment LLC) is a company owned 100% by Dubal Holding LLC
(www.dubalholding.ae ) and established in 2023 in Dubai, UAE to invest and grow downstream
Aluminium Extrusion related industry. With the acquisition of Thermalex and OSE Industries, DEI

supplies MPE Tubes for HVAC and battery cooling applications required for the automotive industry.

For further information, please contact:
Orient Planet Group (OPG)

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