EDF Renewables, Kowepo, and Masdar have unveiled plans to construct a 1.5 GW photo voltaic plant close to Abu Dhabi.
The mission obtained financing from six banks and monetary establishments: BNP Paribas, Credit Agricole CIB, Standard Chartered Bank, HSBC Middle East, Sumitomo Mitsui Banking Corp., and Export-Import Bank of Korea.
A mission firm – collectively owned by EDF Renewables and Kowepo with a 20% stake every, and Masdar with a 60% stake – will design, construct, and function the plant. The mission firm signed a 30-year PPA with Emirates Water and Electricity Co. in April.
The Al Ajban Solar Photovoltaic mission, positioned about 70 km northeast of Abu Dhabi, will function 3 million photo voltaic panels on a single-axis tracker. The plant, with superior bifacial know-how, will generate sufficient energy for 160,000 households within the United Arab Emirates.
Once totally commissioned within the third quarter of 2026, the plant will rank as the biggest single-site photo voltaic facility on the earth. It will even be the third utility-scale photo voltaic park within the UAE.
“Partnerships are important to the vitality transition and to reaching the objective of tripling international renewable capability by 2030 set out within the UAE Consensus,” stated Masdar CEO Mohamed Jameel Al Ramahi. . “With the event of Al Ajban, Abu Dhabi is house to 3 of the biggest single-site photo voltaic vegetation on the earth, making it a world chief within the adoption of utility-scale solar energy.”
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