FIVE Hotels Obtain International Renewable Energy Credits (i-RECs)

FIVE has become the first and only in the UAE to obtain the International Renewable Energy Certificates (I-REC) to achieve 100% renewable electricity for 2022. These certificates were received from the Mohammed bin Rashid Al Maktoum Solar Park, which Dubai Electricity and Water Authority P.J.S.C (DEWA) is implementing.

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (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 around the world at all levels.”

HE 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 2,327MW using photovoltaic solar panels and Concentrated Solar Power (CSP) technologies. This is about 15.7% of the total production capacity of energy in Dubai. 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.”

Kabir Mulchandani, Chairman and Founder, FIVE comments on FIVE’s stellar achievement, “Ahead of COP28, FIVE’s electric milestone demonstrates the power of collaborative innovation when two future-focused changemakers (FIVE and DEWA) come together in pursuit of Sustainable Development.”

“As the first hotel group in the UAE to receive 100% renewable electricity from DEWA, we share a great honor amidst this historic ‘Year of Sustainability’. I hope that this achievement sets an example on how conviction in vision and commitment to action can create a reality where we continue to dream audaciously, build creatively, and pursue life vigorously within a world that moves closer to climate revitalization.”