Showing posts with label Sherif ElKholy. Show all posts
Showing posts with label Sherif ElKholy. Show all posts

Steel Meets Sunshine: Bahrain’s Bold Leap into the Future


A Vision Forged in Light

In **MANAMA, Bahrain**, a new chapter in industrial history unfolds. **Foulath Holding**, the powerhouse behind **Bahrain Steel** and **SULB**, has joined forces with **Yellow Door Energy**, the Middle East and Africa's leading sustainable energy developer, for a truly groundbreaking sustainability initiative. Together, they are set to develop a massive **123-Megawatt-Peak (MWp)** solar project under a Power Purchase Agreement (PPA) — one of the largest of its kind in the world.  

At the heart of this monumental feat is the **world’s largest single-site rooftop solar power plant**, boasting an impressive **50 MWp** capacity. Imagine **77,000 gleaming solar panels** stretched across a sprawling **262,000-square-meter stockyard shed**, turning steel production into a cleaner, greener process. This visionary project was proudly announced at the **Gateway Gulf Forum**, hosted by the **Bahrain Economic Development Board** at the Four Seasons Hotel, Bahrain Bay — a gathering of global industrial innovators, policymakers, and investors.  

More Than Power: A Commitment to the Planet

This initiative is not just about energy — it’s about responsibility 🌍. **H.E. Noor bint Ali Alkhulaif**, Minister of Sustainable Development, emphasized Bahrain’s leadership in clean technology, highlighting the nation’s commitment to environmental stewardship and its ambitious **Net Zero 2060 target**. Her remarks capture the spirit of a country determined to merge innovation with sustainability.  

For **Foulath Holding’s Chairman, Meshary Al-Judaimi**, the solar project continues a long-standing pledge, backed by USD 250 million invested in sustainability projects over recent years. The move aligns industrial ambitions with environmental protection, setting a precedent for steelmakers worldwide. As **Sherif ElKholy** of **Actis** noted, this initiative proves that cost-competitive clean energy is not just possible — it’s transformative, and it’s capable of decarbonizing even the most energy-intensive industries.  

Ripples of Change Across the Gulf

In its first year, the solar plant will generate **200 million kilowatt-hours (kWh)** of clean electricity, reducing **90,000 metric tons** of carbon emissions — a remarkable stride toward a greener Bahrain. With over **189,900 high-efficiency panels** spanning more than **707,000 square meters**, this engineering marvel will inspire similar initiatives across the Gulf and beyond.  

From rooftop solar arrays to ground-mounted installations, the project stands as a beacon for future industrial sustainability. It’s more than an achievement; it’s a clear signal that Bahrain, driven by innovators like Foulath Holding and Yellow Door Energy, is ready to redefine the very fabric of its industrial identity. 




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