Abu Dhabi, United Arab Emirates, November 9, 2020: Masdar, one of the world’s leading renewable energy companies, and First Abu Dhabi Bank (FAB) are celebrating the completion of an energy and water-saving retrofit project for an Abu Dhabi-based school for people of determination.
The Future Rehabilitation Centre in Mohammed bin Zayed City is benefitting from energy reductions of over a third and water savings of nearly 30 percent as a direct result of the retrofit.
Funds from a special co-branded, biodegradable credit card were used to finance the retrofit, which followed an extensive audit of the Future Rehabilitation Centre by Masdar’s Energy Services team and contractor Smart4Power. A percentage of the spending on the joint credit card, launched at Abu Dhabi Sustainability Week 2013, goes toward a dedicated Green Fund for environmental projects selected by FAB.
The extensive energy conservation project included the installation of an on-grid rooftop solar photovoltaic system providing 30 kilowatt-peak (kWp) capacity, an advanced ventilation and air-conditioning control system, various water-saving devices, special soil additives, LED lights, and thermal coatings on the school’s roof to reduce heat gain. A monitoring system has also been installed to verify the achieved savings.
“The United Arab Emirates and Abu Dhabi are committed to tackling the significant challenge of reducing building-related carbon emissions, which account for nearly 40 per cent of total emissions globally. Masdar is proud to be supporting the UAE government’s mandate by leveraging its expertise in retrofitting to deliver important energy and water-savings for the Future Rehabilitation Centre,” said Yousif Al Ali, Executive Director, Clean Energy at Masdar.
“We are honored to be able to make a positive contribution to the incredible work of the Future Rehabilitation Centre, which is dedicated to supporting young people of determination.”
The conservation measures identified as part of the retrofit project were installed on the 5,500-square-metre purpose-built facility, which was donated by the Executive Council of Abu Dhabi in 2011, by contractor Smart4Power, who played an important role in the delivery of the project and are responsible for monitoring the facility’s ongoing operations.
“We were delighted to be awarded this landmark energy-saving project for our centre. As we anticipated, this project provides our students and staff a better environment with improved air quality and visual acuity, making a positive impact. The project delivers meaningful savings on our utility bills and allows us to redirect funding toward new technology and expansion of our educational program for the students. I extend my thanks to Masdar and FAB for the successful implementation and completion of this project,” said Dr Mowfaq Mustafa, Director of the Future Rehabilitation Centre.
The Future Rehabilitation Centre was first inaugurated in 2000, under the patronage of its Honorary President His Excellency Sheikh Nahayan Mabarak Al Nahayan, UAE Cabinet Member and Minister of Tolerance and Coexistence, and in the presence of Mohammed Abdul Jalil Al Fahim, Chairman of the Future Rehabilitation Centre Board of Directors. The Centre is dedicated to the empowerment of special needs children through specialized therapy and education.
The retrofit is advancing the school-wide energy conservation program in support of the UAE Vision 2021 and Energy Strategy 2050, and the United Nations Sustainable Development Goals.
Since its foundation, the school’s programmes have enabled the integration of 118 students into regular schools and also helped 18 young adults to find meaningful employment in the government and private sector.
Hana Al Rostamani, Deputy Group CEO and Head of Personal Banking at First Abu Dhabi Bank (FAB), said: “FAB is proud to work alongside Masdar to make a difference to the lives of Future Rehabilitation Centre students. Today, we celebrate the completion of the landmark energy and water-saving project. Initiatives like this are central to FAB’s goal of helping people to grow stronger through access to clean technology.”
Abu Dhabi’s renewable energy company Masdar is advancing the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Wholly owned by Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, our mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Today, Masdar is active in more than 30 countries, including the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India, Indonesia, Uzbekistan, and many more.
Tel enquiries in Arabic: +971 2 653 3333
Tel enquiries in English: +971 2 653 6014
For more information please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar
About First Abu Dhabi Bank (FAB)
FAB is the UAE’s largest bank and one of the world’s largest and safest financial institutions. FAB’s vision is to create value for its employees, customers, shareholders and communities to grow stronger through differentiation, agility and innovation.
Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. FAB is a trusted adviser and regional partner to major institutions, emerging companies and individuals seeking to do business in the UAE, the MENA region and beyond. As an engine of growth for the region, it helps customers to thrive and grow stronger by managing risk, providing access to capital and facilitating trade flows across developed and emerging markets.
FAB continuously anticipates evolving requirements, develops innovative solutions and moves in tandem with customers to offer an extensive range of tailor-made products via its market-leading Corporate and Investment Banking (CIB) and Personal Banking Group (PBG) franchises.
Aligned to the Abu Dhabi Economic Vision, inspired by global standards and guided by the expectations of stakeholders, FAB takes a leading role in fostering development and driving change towards a more sustainable future. FAB sees beyond traditional banking and embraces a challenger mindset. Its ambition is to contribute to social and human development which creates a dynamic, inclusive and tolerant society.
With total assets of AED 955 Billion (USD 260 Billion) as of September-end 2020, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally. The Banker’s Top 1000 World Banks 2020 list, measured by Tier 1 capital, ranked FAB as number one in the UAE, second in the Middle East and #85 across the globe - in addition to ranking the bank #109 by assets in the same list. FAB is also a regional sustainability leader, and a constituent of MSCI ESG Leaders and FTSE4Good EM indices.
For further information, visit: www.bankfab.com, or https://www.growstronger.com/ Grow Stronger or https://www.bankfab.com/en-ae/updates for COVID-19 related updates.