Revenue for Q1 2025 falls marginally to $126.9mn as consumption decreased nearly 7% due to colder weather; EBITDA up 4% to $77.1mn
district cooling
Latest in district cooling
district cooling
Tabreed and Dubai Holding form JV to build $410mn district cooling network for Palm Jebel Ali
Anticipated total cooling capacity of appx 250,000 RTs; First phase of cooling services to be delivered by 2027; Tabreed to own 51% stake in the JV
carbon emission
Tabreed raises $700mn in oversubscribed green sukuk debut
The new sukuk will be listed and traded on the London Stock Exchange’s international securities market
Abu Dhabi
Tabreed’s district cooling consumption grows 6% for 9M 2024
Revenue increases to $500 million; Normalised net profit before tax increases by 4% to $125.8 million; Debt reduced by 12%
district cooling
Tabreed first district cooling company to be eligible to trade carbon credits
Abu Dhabi company’s plant completes Verra’s ‘Verified Carbon Standard’ programme that confirms district cooling’s energy efficiency
Deira Enrichment Project
Empower starts constructing Deira Waterfront district cooling plant
The new plant, with a total capacity of 39,000 RT, will be built in two phases; the first phase will become operational in June 2025
district cooling
Empower’s 8 tips to reduce your electricity bills this summer
Dubai’s global leader in district cooling launches a Summer Campaign to educate its customers
district cooling
Empower’s Bin Shafar re-elected to the Board of Directors of IDEA
The US-based International District Energy Association has over 2,500 members from 30 countries
district cooling
Tabreed shareholders approve new record high dividend payment for FY 2023
The high dividend payout comes after the company registering a 25 percent jump in its net profit and 9 percent rise in its revenue last year
district cooling
Empower in the process of developing AI-powered district cooling system
Signs MoU with US-based ASHRAE to develop the third-generation systems that will change the future of district cooling
Abu Dhabi
Aldar, Johnson Controls launch new cooling project
Managed by Johnson Controls, the service will use energy saving measures and advanced technologies to reduce 26,880 tonnes of CO2 emissions from Aldar Assets, achieving a net-zero plan
Abu Dhabi
UAE’s Tabreed wins district cooling bid for Pharma City in Hyderabad
Phase 1 of the project will comprise construction of facilities of 2,500 RT for approximately $9.85 million
cooling service provider
Empower urges Dubai to set ACs to 24°C and auto mode this summer
The district cooling company launches ‘Set and Save 24°C’ campaign to prevent energy wastage and heavy consumption
Abu Dhabi
Tabreed partners with TATA Realty for first district cooling project in India
Its first project will feature a $12 million investment in building an operating District Cooling system at Intellion Park in Gurugram
cooling service provider
Empower to invest $122.5mn to cool Dubai Maritime City buildings
The two companies signed an agreement to supply District Cooling services to the DP World-owned project with a capacity of more than 63,000 RT
district cooling
Empower hails ‘unprecedented’ success after $762m revenue year
Empower net profit increased 13.3 per cent to pass AED1bn
district cooling
Saudi’s PIF takes 30% stake in district cooling firm Tabreed
Saudi sovereign wealth fund announces Tabreed stake acquisition