Masdar to install rooftop solar PV systems at Khazna

ABU DHABI, 4th March, 2018 (WAM) -- Masdar, Abu Dhabi Future Energy Company, a subsidiary of the Mubadala Investment Company, today announced that it will install a 290-kilowat solar photovoltaic, PV, system to serve the facility of Khazna Data Centres, Khazna, in Masdar City. Khaled Al Qubaisi, CEO of Aerospace, Renewables and Information Communications Technology for Mubadala, and Mohamed Jameel Al Ramahi, CEO of Masdar, as well as Hassan Al Naqbi, Chief Executive Officer of Khazna, signed a collaboration agreement aimed at further advancing Abu Dhabi’s reputation as a hub for renewable energy and clean technology. Under the agreement, Masdar’s Energy Services unit will install a solar PV system on the car park roof at Khazna’s Masdar City facility. The project will serve as a pilot for additional sustainable initiatives at both Khazna facilities in the future. Al Qubaisi, who oversees both Masdar and Khazna, said, "The UAE is committed to building a sustainable nation of the future, and pursuing bold ambitions, aiming to achieve 27 percent clean energy over the next three years as part of the UAE 2021 Vision. Mubadala and its subsidiaries are committed to supporting this vision, and are always looking at ways to adopt clean energy technology. This project between Masdar and Khazna is another step forward for our sustainability plans, with more projects like this to come in future." Al Ramahi added, "This partnership is an example of the synergy between Mubadala’s subsidiaries and capitalises on Masdar’s holistic expertise in renewable energy. It also shows our commitment to helping the tenants of Masdar City access the commercial benefits of clean technology by reducing their utility bills." "This new initiative represents a first step in Khazna’s long-term strategy of becoming a greener, sustainable facility. Not only will this support our environmental priorities and commitment to social responsibility in Abu Dhabi, it also makes commercial sense for our company and our end users, by increasing energy efficiency and lowering costs," Al Naqbi said. Khazna, the only dedicated commercial wholesale data centre provider in the UAE, safeguards mission-critical data using the highest levels of security and operational reliability. They provide industry benchmark levels of power supply and cooling services to better serve the growing need for data centre operations in the UAE and wider region. With additional operations at Meydan, Dubai, Khazna is one of the largest data centre infrastructure operators in the Middle East and North Africa. The company is currently in the process of expanding its capabilities across both Abu Dhabi and Dubai. Once completed in 2019, these will include a total built-up area of around 31,000 sqm over the existing facilities and deliver over 24 MW of IT load.