FIVE hotels in the UAE has now obtained the International Renewable Energy Certificates (I-REC). With this, it has become the first and only hotel in the UAE to achieve 100% renewable electricity for 2022.
I-REC was received from Mohammed bin Rashid Al Maktoum Solar Park, which is being implemented by the Dubai Electricity and Water Authority (Dewa) and is the largest single-site solar park in the world. It uses the Independent Power Producer (IPP) model, with a production capacity of 5,000MW by 2030 and a total investment of AED 50 billion.
FIVE’s single delivery I-REC agreement was verified through the International Renewable Energy Certification Foundation (I-REC), the global leader in standardized renewable energy schemes and sustainability claims. The latest certificate proves FIVE’s commitment to Sustainable Hospitality, the firm said.
Saeed Mohammed Al Tayer, MD & CEO of 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 worldwide at all levels.”
Al Tayer added, “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, which Dewa is implementing, is 2,327 MW using photovoltaic solar panels and Concentrated Solar Power (CSP) technologies. It is about 15.7% of Dubai’s total energy production capacity. 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.”
FIVE aims to inspire the world through its innovative platform dubbed, in classic FIVE Flair, ‘Sustainable Indulgence’. The firm remarked that this achievement propels FIVE’s Sustainability Objective of Vibrant Communities and Partnerships to ‘Innovate to address social and environmental challenges’.
Kabir Mulchandani, Chairman and Founder of 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 to pursue Sustainable Development. As the first hotel group in the UAE to receive 100% renewable electricity from Dewa, we share a great honour amidst this historic ‘Year of Sustainability’.”
The company is a signatory to the UN Global Compact, and a member of the Global Sustainable Tourism Council (GSTC).