Alandalus Property Company Partners with Emerge
to Advance Solar Power Initiatives
Riyadh, Saudi Arabia, 03 March 2025 – Alandalus Property Company has signed an agreement with Emerge, a leading renewable energy solutions provider and joint venture between Masdar and EDF Group, to provide solar power to three of its major commercial properties in Riyadh and Jeddah.
The agreement was signed by Eng. Faisal bin Abdulrahman Al-Nasser, CEO of Alandalus Property Company and Mr. Michel Abi Saab, General Manager of Emerge, in the presence of Omar Aldaweesh, CEO Saudi Arabia, EDF Group and Board Director of Emerge KSA, and Aurelien Delahaye, Deputy CEO Middle East, EDF Group.
Under the 10-year agreement, Emerge will finance, design, build and maintain the rooftop solar photovoltaic (PV) installations, with a total capacity of up to 3.4 megawatts peak (MWp), for the Hayat Mall in Riyadh, the Alandalus Mall and Alandalus Mall Hotel in Jeddah.
This partnership aligns with the Saudi Arabia Vision 2030 objective of utilizing renewable energy to reduce environmental impact and represents a significant step forward for Alandalus Property Company in advancing its commitment to environmental, social and governance principles.
Eng. Faisal bin Abdulrahman Al-Nasser, CEO, Alandalus Property Company, said: “By integrating renewable energy solutions, Alandalus Property Company supports global and national sustainable development goals. The use of solar energy aims to reduce our properties’ overall carbon emissions, while enhancing energy efficiency and delivering economic benefits.”
Mohamed Jameel Al Ramahi, CEO, Masdar, said: “Emerge is dedicated to helping major organizations such as Alandalus Property Company to reduce their environmental impact and enhance sustainability. Through its Build-Own-Operate-Transfer (BOOT) model, Emerge provides companies with access to green electricity while lowering overall energy costs. This partnership underscores our commitment to supporting Saudi Arabian enterprises in achieving the country’s renewable energy targets set forth in Vision 2030.”
Omar Aldaweesh, CEO of EDF Saudi Arabia and Board Director of Emerge, said: “We are proud, as EDF, to see Emerge collaborate with forward-thinking organizations like Alandalus Property Company, helping them harness the power of solar energy to achieve their sustainability goals. This partnership underscores our dedication to advancing renewable energy solutions across the Kingdom, reducing emissions, and fostering long-term economic and environmental positive impact.”
Emerge, which trades in Saudi Arabia as Al-Shorouk Sustainable Energy Company, is a joint venture between Masdar, the UAE’s clean energy leader, and France’s EDF Group to develop solar generation, energy storage and hybrid solutions in the Middle East. The company offers clients full turnkey solutions through solar power agreements at no up-front cost to the client. Recognized with multiple awards, it is committed to creating a greener, sustainable future by helping businesses meet their sustainability goals.
Alandalus Property Company is a pioneer in investment and development and owns a diverse portfolio of projects across the real estate development and retail sectors.
For further information, please contact:
About Alandalus Property Company
Al-Andalus Real Estate is a Saudi joint-stock company listed on the Saudi Stock Exchange since 2016, and it is a leading company in the investment, development, and operation of income-generating commercial real estate across the Kingdom. The company’s main activities focus on:
- Retail properties, including shopping centers and neighborhood retail centers
2. Offices towers
3. Hospitality
4. Healthcare sector.
For media inquiries, please contact via email: majed@alandalus.com.sa
For more information, please visit: https://www.alandalus.com.sa or our social media pages: https://www.linkedin.com/company/alandaluspropertyco and www.x.com/alandaluspropco
About Emerge
Emerge is a joint venture between Masdar and EDF Group established to develop solar generation, energy storage and hybrid solutions in the Middle East. We support our business partners in achieving their sustainability goals. A home-grown company, Emerge was founded in 2021 and has since established a robust performance record. Emerge provides clients with comprehensive renewable energy solutions via solar power agreements. Clients do not have to make any initial financial commitments. This empowers our customers to concentrate on their core operations while reducing operational and energy expenditures.
For more information please visit: www.emerge-energy.com and follow us on LinkedIn: www.linkedin.com/company/emerge-energy-company
About the EDF Group
The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 434TWh, a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 40.9 million customers (1) and generated consolidated sales of €139.7 billion in 2023.
- Customers are counted per delivery site. A customer may have two delivery points.
For media inquiries, please contact: alexandra.taleva@edf.com
For more information, please contact: www.uae.edf.com
Follow us on LinkedIn: www.linkedin.com/showcase/edf-middleeast
About Masdar
Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.
Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
For media inquiries, please contact: press@masdar.ae
For more information, please visit: https://www.masdar.ae and connect: facebook.com/Masdar.ae and twitter.com/Masdar
