INTERNATIONAL
Three Eight Six Elevates Regional Capacity for Solar PV Power Transition
18 Dec 2023 PV Journal
Three Eight Six, a regional energy company, is poised to enhance its green fuel capacity by leveraging solar energy assets within the GCC. The company aims to assist more businesses and government organizations in harnessing solar power, with flagship projects in Saudi Arabia and Dubai. This renewable energy investment platform is actively promoting the adoption of solar energy to align with national transition strategies and global net-zero targets.
At the forefront of the regional shift towards renewable power production and efficient consumption, Three Eight Six is engaged in constructing, owning, and operating photovoltaic (PV) assets. The company supports various sectors, including commercial and industrial, as well as small and mid-utility scale, facilitating their transition to green energy. This approach not only helps reduce business operating costs but also ensures cost predictability for up to 30 years.
With the upcoming COP 28 in the UAE, Ahmad Al Khayyat, Chairman of Three Eight Six, emphasizes the importance of organizations reassessing their renewable energy strategies. He notes, "Given the recent emphasis on diversifying the energy mix and expanding renewable energy capacity by 2030, businesses with high-energy consumption will play a crucial role. We are committed to collaborating with the industry to achieve this ambitious target. Our vision involves extending our impact in the UAE, Saudi Arabia, Bahrain, Oman, and throughout the region, providing practical support to address the pressing need for cleaner power sources."
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