DECARBONIZATION-

Ajman Bank taps Positive Zero for decarbonization efforts: UAE’s Ajman Bank has partnered with Dubai-based decarbonization firm Positive Zero ’s energy efficiency arm Taka Solutions to reduce its energy costs and carbon footprint, according to a statement. The 10-year Shared Savings Energy Performance Contract will enable Ajman Bank to save 28% on energy costs and cut carbon dioxide emissions by 752 tons annually. The collaboration includes implementing eight energy efficiency measures tailored to Ajman Bank’s facilities.

Positive Zero is upping its regional activity: The firm partnered with Schneider Electric to ramp up the adoption of clean energy technologies in the UAE and Oman in March. It also signed a partnership agreement with subsidiaries of KSA’s Tamimi Energy to develop solar projects across Saudi Arabia. The firm received USD 400 mn from investment company BlackRock last year to grow its sustainable energy adoption and offer fully financed sustainable energy solutions across the GCC for commercial, industrial, and public sector organizations.

Tags: