HSBC Bahrain Invests In Its Second Solar Carport

HSBC Bahrain inaugurates its second solar carport in Bahrain at the Adliya branch. This will help in saving around 20 Kw/h of energy consumption of the bank alongside the already existing Seef Head Office solar carport.

The solar carport was inaugurated under the presence of Abdul-Hussain bin Ali Mirza, Chairman of the Sustainable Energy Authority, Abdul Fattah Sharaf, CEO of HSBC Bank UAE, Head of International Markets at HSBC Bank Middle East, and Chris Hutton, COO of HSBC Bank Middle East Africa and Chris Russell, CEO of HSBC Bank Bahrain. 

The solar power system has a capacity of 175.5 KW that includes a rooftop solar system and 50+ unshaded car parking spaces covered by the solar carport. This will reduce 67% of the energy consumption of the branch. HSBC has a goal to switch to renewable energy at all its branches and transition to net-zero by 2030.

Abdulfattah Sharaf, said, “In October 2020, HSBC Group announced its commitment to transition to a global net-zero economy. We’re doing this across the bank – in our operations and supply chain – and by supporting our customers in their own transition. We believe that our commitment will open up a world of opportunity for our customers, communities, and employees. It will lead to change that will encourage innovative thinking and new developments for a better sustainable future.”

“We have a robust ESG agenda for the bank in Bahrain and will continue to inspire much-needed change to set the pace for reform in our communities and for our customers,” added Chris Russell. 

In October 2019, HSBC Bahrain at its head office invested $100,000 in a solar carport which was supposed to save energy up to 125,000 kW per year.