Page 37 - DUBAL HOLDING PR REPORT - AUGUST 2024

8/30/24, 9:50 AM DUBAL Extrusion Investment’s OSE Industries, successfully completes rooftop solar power generation project - Middle East News…
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 CO e.
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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.

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