Kuwait National Petroleum Company and United Real Estate sign a 15-year investment contract to supply East Al-Bahra Front with a solar energy system
Abu Dhabi Power Corporation (APCO), the leading developer of renewable energy projects, announced the signing of a contract to design, build, operate, and maintain an 8.77-megawatt photovoltaic solar energy system with United Real Estate Company, through its subsidiary Mursi United for Land and Property Management and Development. The system will be installed on parking lots and building rooftops at East Al-Burj Corniche, one of Kuwait’s premier commercial destinations, marking a significant step toward consolidating the presence of renewable energy in the country’s commercial real estate sector.
The project was developed in close collaboration with United Real Estate Company, the main developer of East Al-Burj Corniche. It is expected to reduce carbon dioxide emissions by approximately 189,000 metric tons. The solar plant’s output at East Al-Burj Corniche will be sufficient to power around 110 residential households annually. The emission reduction impact is equivalent to the carbon sequestration of approximately 600,000 mature trees, or the planting of 2.3 million new trees over the project’s lifetime.
This model represents an important step toward establishing a new standard for private sector participation in Kuwait’s transition to renewable energy, aligning with the objectives of “New Kuwait 2035,” which aims to increase the share of renewable energy to 15% of the national energy mix by 2030. The initiative also provides clean energy solutions that not only reduce carbon emissions but also enhance community well-being.
In this context, Dr. Hassan Qasim, CEO of APCO, stated: “This collaboration exemplifies a promising model of strategic partnership among Kuwaiti private sector institutions. The project reinforces APCO’s position as a trusted partner in advancing the renewable energy sector in the region. The positive impact of this project extends to Kuwaiti society as a whole, by contributing to the diversification of national energy sources, reducing reliance on fossil fuels, and strengthening environmental sustainability efforts in line with Kuwait’s aspirations for a more sustainable future.”
For his part, Mashari Sulaiman Al-Mohilani, CEO of United Real Estate Group, highlighted that the project represents a crucial step toward enhancing the sustainability of national projects. He said: “This project falls within our strategic vision to integrate sustainability into our operational processes, consistent with United Real Estate’s commitment to best practices in environmental stewardship, social responsibility, and corporate governance. The adoption of solar energy systems on parking lots and building rooftops at East Al-Burj reflects a long-term approach aimed at improving asset efficiency and transitioning toward clean energy sources.”
Al-Mohilani concluded his remarks: “APCO was selected based on our strong confidence in its expertise and distinguished track record. It is one of the leading companies in the region in developing renewable energy projects. The investment contract spans 15 years, starting from the project’s commercial operation date. This step marks the beginning of enhanced cooperation in future diverse investment projects that meet the growing needs of the renewable energy sector.”
