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(MENAFN – Khaleej Times) Under the chairmanship of HE Dr. Abdul Hussain bin Ali Mirza, Minister of Electricity and Water, the Bahrain Trade Facilities Corporation (BFTC) held a press conference Thursday at the Four Seasons Bahrain Bay, where she announced the launch of the Sustainable Energy Finance Initiative for the first time in the Kingdom. Financial product under the Ijarah Muntahia property regime for solar units, in the presence of the Board of Directors and General Management of Bahrain Commercial Facilities Company and a number of companies. guests of society and the media.
Speaking at the beginning of the press conference, Minister Mirza welcomed representatives of the local press and local press and expressed his sincere thanks to the Bahrain Commercial Facilities Company for taking in this sense, convinced of the importance of encouraging the use of clean energy because of its positive impact on reducing the costs badociated with the use of energy. traditional electricity and governorate. For the cleanliness of the environment through the introduction of this new financial product that will contribute to the financing of renewable energy projects.He said that the Government of the Kingdom of Bahrain was keen to encourage the use of clean energy for the general development of the country, The government has established a sustainable energy center under the authority of the Minister of Electricity and Energy. Water and adoption of national targets for renewable energy, reaching 5% of the total real energy production by 2025, ie 250 MW in 2025 and 10% in 2035, Energy by 2025. This will result in the diversification of energy sources and contribute to the protection of the environment by reducing the carbon footprint, creating new jobs, providing gas to the government and encouraging the growth of the green economy to achieve sustainable development.
Dr. Adel Habil, CEO of Bahrain Commercial Facilities Company, delivered a speech in which he thanked and thanked Dr. Abdul Hussein Bin Ali Mirza, Minister of Electricity and Water, for his support and his generous support to overcome all obstacles to this product; and Mr. Joey Zhenj from Suntech for his support and confirmation. Regarding the high efficiency and excellent quality of the solar panel product, the launch of this financial product stems from the company's willingness to contribute to the provision of innovative models in financial services, in support of Bahrain Economic Vision 2030, Navsih based on productivity, creativity and active participation in the development of economic activity. The new financial product is based on the "From the tenant to the owner" system, which offers the business sector a real opportunity to benefit directly and efficiently from the installation of solar energy systems in return for a monthly rent, which is determined by the size of the electricity generated and the space available in each park. A building that allows the installation of solar panels. He noted that it is hoped that this product will help reduce costs immediately, up to 20% of the total consumption of conventional electricity.
He added that the new financial product addressed to the owners of all types of companies and to the owners and houses of the Kingdom of Bahrain, and would provide a whole range of free services, including site survey, l & # 39; 39, study of the actual consumption of electricity. Once the design and approval of the project is complete, the company will design the optimal design to produce maximum power, as well as installation and delivery, with a 12-year warranty against manufacturing defects and efficiency. 25-year production from Germany's largest reinsurance company, Munich. The financial income includes all maintenance and insurance expenses throughout the rental period to ensure the most efficient operating conditions and the tenant does not incur any additional expenses. Mr. Adel pointed out that the new financing product could be extended by seven years, after which the system would become the property of all non-tenant components.
"There is no doubt that the global trend is to reorganize many supply chains for sustainable and environmentally friendly products and services. The use of solar energy in the production of goods and services is a priority, "Adel said. The global trend, and this exploitation, to jointly reduce production costs and environmental protection and to improve the competitiveness of these institutions that are based on the principles of sustainability of production by reducing costs.
Bahrain Commercial Facilities Company has begun to study sustainable energy projects and to conduct a comprehensive survey of several international companies specializing in the field of solar energy in order to adapt to the nature of the conditions. Kingdom's climate and provide the best financial solutions to streamline and facilitate the use of sustainable energy as a reliable alternative in the future. Time Reduced operational costs of factories and businesses through the use of solar energy. So we have contracted with Wushi Suntech Energy as the best solar panel manufacturer, one of the top 10 global companies in solar panel manufacturing. Among the giant projects using Sun Tech solar panels, Google headquarters in California, Siemens Asia-Pacific headquarters, Sydney Opera House, San Francisco International Airport and many existing projects in many cities around the world.
For more information, please visit the Tobli consultation office near Bahrain Commercial Facilities Company or contact Mustafa Al-Beri, Business Consultant, at 1-800-799719-32000530 or Dr. Jal Tablbg, Funding Advisor for Sun's sustainable energy at 38717878.
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