Riyadh - Sharikat Mubasher: SIG, a leading Swiss provider of innovative and versatile packaging solutions, in partnership with Yellow Door Energy, officially inaugurated a 2-megawatt solar energy plant at its aseptic carton factory in the Second Industrial City in Riyadh.
Under the auspices of the Saudi Authority for Industrial Cities and Technology Zones (MODON), the inauguration ceremony was attended by Majed Al-Argoubi, CEO of MODON, Yasmine Chatila Zwahlen, Ambassador of Switzerland to Saudi Arabia, Abdallah Al Obeikan, Chairman of the Riyadh Chamber of Commerce, and other senior officials and stakeholders.
The plant marks a step toward enhancing the sustainability of industrial cities and supports the MODON Green Initiative, ultimately contributing to Saudi Arabia’s goal of achieving net-zero carbon emissions by 2060.
Covering 8,000 square meters, the solar installation features over 3,200 solar panels and is expected to generate over 3.5 million kilowatt-hours of clean electricity in the first year of operation, reducing carbon emissions by 1,300 metric tons.
Commenting on this milestone, Al-Argoubi said: “This project reflects our commitment to making Saudi Arabia’s industrial cities more sustainable. By partnering with industry leaders like SIG, we are advancing the MODON Green Initiative and contributing to the Kingdom’s Vision 2030 and Net Zero by 2060 goals.”
For his part, Chairman Al Obeikan affirmed that the project reflects Saudi Arabia’s growing momentum in renewable energy and the important role of the private sector in advancing sustainability.
Meanwhile, Abdelghany Eladib, President and General Manager for India, the Middle East, and Africa at SIG, commented: “This solar project is a pivotal step forward for SIG as we accelerate our Climate+ commitment in line with our global sustainability goals. By tapping into renewable energy in partnership with Yellow Door Energy, we are enhancing the sustainability of our operations and contributing to Saudi Arabia’s green energy ambitions under the Saudi Green Initiative.”
Under the solar lease agreement, Yellow Door Energy is responsible for financing, building, and operating the plant throughout its lifecycle, enabling SIG to focus on delivering sustainable packaging solutions.
SIG is focused on creating packaging systems that remove more carbon than they emit by replacing fossil-based materials with renewable alternatives, decarbonizing its operations and supply chain, and investing in renewable energy projects.