Aldar invests AED 25mln into its residential communities to support energy consumption reduction

Aldar invests AED 25mln into its residential communities to support energy consumption reduction

- Electricity consumption to be reduced by 29%, or 45,000 MWH of electricity per year

- Water consumption to be reduced by 3%, or 290,000 m3, per year

- Chilled water consumption to be reduced by 13%, or 11,800,000 TRH per year

Abu Dhabi, UAE: Aldar Properties PJSC (‘Aldar’) has committed to investing AED 25 million for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’s efforts to make its communities more energy efficient and environmentally friendly.

The investment by Aldar will offset 19,000 tCO2 per year and reduce utility consumption by a total of AED 12 million per year across the 13 communities. The plan was developed in conjunction with the owners’ associations of the communities, which are managed by Provis, Aldar’s real estate property management company. Grfn is acting as the Energy Project Management Company, while Siemens will carry out the retrofit project.

The company’s investment into its communities is the first-of-its kind by an Abu Dhabi developer and incremental to the ambitious portfolio-wide energy management project that was announced in early 2022. The project will enhance efficiency across a range of Aldar hotels, schools, commercial, leisure, retail, and