Dubai’s FIVE hotels has become the first and only hotel chain in the UAE to receive the International Renewable Energy Certificates (I-REC) to achieve 100 percent renewable energy for 2022.
The certificates were awarded by the Mohammed bin Rashid Al Maktoum Solar Park implemented by Dubai Electricity and Water Authority (DEWA). The solar park is the largest in the world using the Independent Power Producer (IPP model).
FIVE’s I-REC agreement was verified through the International Renewable Energy Certification Foundation with the move in line with the UAE’s Year of Sustainability.
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) said, “I congratulate FIVE on becoming the first and only hotel in the UAE to obtain the International Renewable Energy Certification Foundation (I-REC) to achieve 100% renewable electricity for 2022. FIVE’s commitment to sustainability is a role model for other businesses in the UAE and around the world at all levels.”
“At DEWA, we promote sustainability and the shift towards a sustainable green economy by increasing the share of renewable and clean energy within Dubai’s energy mix. The current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park, whichh DEWA is implementing, is 2,327MW using photovoltaic solar panels and Concentrated Solar Power (CSP) technologies. This is about 15.7% of the total production capacity of energy in Dubai. We continue our efforts to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power capacity from clean energy sources by 2050,” he added.
Being the only hotel chain in the country to purchase I-REC’s from DEWA to achieve 100 percent solar powered electricity for its hotels, it propels FIVE’s Sustainability Objective of Vibrant Communities and Partnerships to ‘Innovate to address social and environmental challenges’.
Last year, the group achieved carbon use intensity reduction of over 76.2 percent, electricity consumption by 35.3 percent and water use by 36.2 percent.
The company is a signatory to the UN Global Compact, a member of the Global Sustainable Tourism Council (GSTC).
Kabir Mulchandani, Chairman and Founder, FIVE said, “Ahead of COP28, FIVE’s electric milestone demonstrates the power of collaborative innovation when two future-focused changemakers (FIVE and DEWA) come together in pursuit of Sustainable Development.”
As the first hotel group in the UAE to receive 100% renewable electricity from DEWA, we share a great honor amidst this historic ‘Year of Sustainability,” he added.
“I hope that this achievement sets an example on how conviction in vision and commitment to action can create a reality where we continue to dream audaciously, build creatively, and pursue life vigorously within a world that moves closer to climate revitalization,” Mulchandani concluded.
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