Foulath Holding, the parent company of Bahrain Steel and SULB, has announced a major sustainability collaboration with Yellow Door Energy, a leading sustainable energy developer in the Middle East and Africa. The partnership will deliver a large-scale 123-Megawatt-Peak (MWp) solar project, marking a milestone in industrial clean energy. The initiative includes the development of the world’s largest single-site rooftop solar power plant with a capacity of 50 MWp. A total of 77,000 solar panels will be installed across a newly constructed 262,000-square-meter stockyard shed. The project is being executed under a power purchase agreement (PPA).
This announcement was made during the third edition of Gateway Gulf, a major investment forum hosted by the Bahrain Economic Development Board at the Four Seasons Hotel, Bahrain Bay. The forum brought together global industry leaders, investors, and policymakers from across various regions such as the Americas, Europe, Asia, and the Gulf.
H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, expressed pride in this initiative, stating that Bahrain is at the forefront of global sustainable innovation. She emphasized that the project reinforces Bahrain’s regional leadership in clean energy and supports its long-term national vision for competitiveness and sustainability.
Mr. Meshary Al-Judaimi, Chairman of Foulath Holding, highlighted that the company has invested nearly USD 250 million in sustainability projects over recent years. He noted that this solar project reflects Foulath’s ongoing commitment to environmental stewardship, responsible industrial development, and community well-being.
Sherif ElKholy, Managing Director and Head of Middle East and Africa at Actis, and Chairman of Yellow Door Energy, congratulated both partners on what he described as a landmark agreement. He said the project sets a global benchmark for decarbonizing steel production through cost-competitive clean energy solutions.
This project will be among the largest industrial-scale on-site solar developments worldwide. It includes ten rooftop solar photovoltaic (PV) plants and four ground-mounted PV installations. Over 189,900 high-efficiency solar panels will cover 707,000 square meters, generating 200 million kilowatt-hours of renewable electricity in the first year alone. The system is expected to reduce carbon emissions by 90,000 metric tons annually, contributing significantly to Bahrain’s Net Zero 2060 target.
Yellow Door Energy will manage financing, design, construction, commissioning, operations, and maintenance through the PPA duration. Its operating solar projects have already produced more than 1 billion kWh, avoiding 400,000 metric tons of carbon emissions. With a portfolio of 400 MWp and 10 years of operations, the company continues to lead renewable deployment across the MEA region.
Foulath Holding affirmed its dedication to sustainable development aligned with Bahrain’s Vision 2030 and the UN Sustainable Development Goals.
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