FIVE becomes first hotel to obtain i-RECs in UAE

14 Jul 2023 CW Team

These certificates were received from the Mohammed bin Rashid Al Maktoum Solar Park, which Dubai Electricity and Water Authority P.J.S.C (DEWA) is implementing. The solar park is the largest single-site solar park in the world, using the Independent Power Producer (IPP) model. It will have a production capacity of 5,000 MW by 2030 with a total investment of AED 50 billion.

FIVE鈥檚 single delivery I-REC agreement was subsequently verified through the International Renewable Energy Certification Foundation (I-REC), the global leader in standardized renewable energy schemes and sustainability claims.

FIVE鈥檚 latest achievement of tapping into future-focused solutions for Sustainable Development distinguishes its unwavering commitment to Sustainable Hospitality.

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) said, "I congratulate FIVE on becoming the first and only hotel in the UAE to obtain the International Renewable Energy Certification Foundation (I-REC) to achieve 100% renewable electricity for 2022. FIVE's commitment to sustainability is a role model for other businesses in the UAE and around the world at all levels.鈥�

HE Al Tayer added, "At DEWA, we promote sustainability and the shift towards a sustainable green economy by increasing the share of renewable and clean energy within Dubai鈥檚 energy mix. The current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park, which DEWA is implementing is 2,327MW using photovoltaic solar panels and Concentrated Solar Power (CSP) technologies. This is about 15.7% of the total production capacity of energy in Dubai. We continue our efforts to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai鈥檚 total power capacity from clean energy sources by 2050.鈥�

Coinciding with the UAE鈥檚鈥榊ear of Sustainability, FIVE has become the first and only hotels in the UAE to obtain the International Renewable Energy Certificates (I-REC) to achieve 100% renewable electricity for 2022.These certificates were received from the Mohammed bin Rashid Al Maktoum Solar Park, which Dubai Electricity and Water Authority P.J.S.C (DEWA) is implementing. The solar park is the largest single-site solar park in the world, using the Independent Power Producer (IPP) model. It will have a production capacity of 5,000 MW by 2030 with a total investment of AED 50 billion.FIVE鈥檚 single delivery I-REC agreement was subsequently verified through the International Renewable Energy Certification Foundation (I-REC), the global leader in standardized renewable energy schemes and sustainability claims.FIVE鈥檚 latest achievement of tapping into future-focused solutions for Sustainable Development distinguishes its unwavering commitment to Sustainable Hospitality.HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) said, I congratulate FIVE on becoming the first and only hotel in the UAE to obtain the International Renewable Energy Certification Foundation (I-REC) to achieve 100% renewable electricity for 2022. FIVE's commitment to sustainability is a role model for other businesses in the UAE and around the world at all levels.鈥滺E Al Tayer added, At DEWA, we promote sustainability and the shift towards a sustainable green economy by increasing the share of renewable and clean energy within Dubai鈥檚 energy mix. The current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park, which DEWA is implementing is 2,327MW using photovoltaic solar panels and Concentrated Solar Power (CSP) technologies. This is about 15.7% of the total production capacity of energy in Dubai. We continue our efforts to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai鈥檚 total power capacity from clean energy sources by 2050.鈥�

Real Estate

17 Jun 2025

Ashwin Sheth Group Buys 50% Stake in One Marina

Mumbai-based real estate developer Ashwin Sheth Group has acquired a 50 per cent stake in the Rs 23 billion (USD 275 million) luxury residential project One Marina, located in South Mumbai鈥檚 upscale Marine Lines. The acquisition was announced on 11 June and marks a major move in the city's premium housing market.The stake was acquired from Vallabh Sheth and Jitendra Sheth, promoters of Sheth Creators, who previously co-owned the project along with YM Infra, the landowner. This acquisition was supported by a substantial USD 65 million (over Rs 5.4 billion) investment commitment from PAG Singa..

Infrastructure Transport

17 Jun 2025

96km Rail Line to Link Rajasthan's Sirohi to Network

In a major step towards improving infrastructure in Rajasthan, the central government has approved the final location survey for a 96-kilometre railway line connecting Marwar Bagra (Jalore)鈥揝irohi鈥揝warupganj, thereby integrating Sirohi district into the national railway network for the first time.The approval, announced on Monday, marks a long-awaited development for tribal-dominated western Rajasthan. Sirohi, currently without a rail link, lies near the important Delhi鈥揂jmer鈥揂bu Road鈥揂hmedabad corridor, while Jalore is already on the Samdari鈥揃hildi鈥揋andhidham route.Railway Minis..

Infrastructure Transport

17 Jun 2025

Push Grows for Berhampur-Sambalpur Rail Via Phulbani

A coalition of social organisations under the Milita Kriya Anusthan Committee has stepped up its campaign for the construction of a Berhampur鈥揝ambalpur (Rairkhol) railway line via Bhanjanagar and Phulbani, aiming to improve rail connectivity in southern Odisha.On Friday, the group launched a public awareness drive across Ganjam and Kandhamal districts, highlighting the urgent need for the proposed railway route. A "Vikash Rath" bus, carrying around 40 committee members, began its journey from the local railway station, stopping for public meetings in Hinjili, Aska, and Bhanjanagar, with a fo..