Emirates Water and Electricity Company (EWEC), a pioneer company in the coordination of planning, purchasing and providing water and electricity in the United Arab Emirates, announced the award for the world's largest solar power plant.
The project was awarded to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, along with side partners EDF and JinkoPower to develop the two GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project. Liye, which is located about 35 kilometres from the city of Abu Dhabi. The project's power purchase contract (PPA) and shareholders' agreement were signed with EWEC.
The rigorous procurement process resulted in one of the most cost-competitive tariffs for solar PV energy, determined on a cost to electricity (LCoE) basis of AED 4.97 films / kWh (USD 1.35 cents / kWh) had gone. On full commercial operation, the plant hopes to scale back Abu Dhabi's CO2 emissions by 2.4 million metric tons per annum, which is like removing about 470,000 cars from the road.
Speaking about the milestones, EWEC Chief Executive Officer, Othman Al Ali said: “We are delighted to work with our partners and sign a PPA with a record-low tariff for solar energy. We are working to strengthen the integral role of solar energy in securing long-term energy supplies and to meet current and future energy needs.
Related Article: NTPC issues tender to acquire 1 GW solar projects for an investment of around Rs. 5,000 crores.
Combined with major technological developments, the Al Dhafra Solar PV project will have a significant impact on diversifying our current power supply approach, and drive our strategic plan to reduce water and move towards sector changes in electricity generation Will do. -Carbon grid in the United Arab Emirates. "
Jasim Hussain Trophy, Group CEO and Managing Director at TAQA said: “The Al Dhafra Solar PV plant is a benchmark project for our country and the global energy sector.
Related Article: MNRE prepares guidelines to implement off-grid solar PV plant scheme
The project's low tariffs and application of best-in-class technology demonstrate the feasibility of utility-scale renewable energy projects that are accelerating our country's progress on meeting the ambitious energy objectives outlined in the UAE Energy Strategy 2050. Will increase Abu Dhabi's solar power capacity by about 3.2 GW. "
The Al Dhafra solar PV project is expected to provide power to approximately 160,000 UAE homes. This will be larger than TAQA's existing 1.2 GW Abu Noor Abu Dhabi 'solar plant, which is currently the world's largest operational single-project solar PV plant.
Mohammad Jamil Al Ramahi, Chief military officer of Masdar said: “Through the award of the Al Dhafra Project, the UAE is once more confirming its determination to steer the worldwide transition to its clean energy sources, which is solar energy Is deploying the latest advancements in technology.
Related Article: Azure Power receives LOA for 2,000 MW solar power project
Cost efficiently on a tremendous scale. At Masdar, we've been honoured with EWEC, TAQA, EDF, JinkoPower, and lots of other prestigious partners involved during this outstanding project.
We are excited to figure with them to understand the world's largest single-site solar energy plant in Abu Dhabi, building on our existing portfolio of world-class projects within the United Arab Emirates, including Madinat Zayed and third in Abu Dhabi Shams include shams. Mohammed bin Rashid Al Maktoum Solar Park in Dubai. "
Bruno Benson, Senior Executive Vice President of EDF Group, Senior Executive Vice President and Chief Executive Officer of EDF Renewables said: "EDF has a strong and close relationship with the UAE, which provides state-of-the-art technology to the country and leverages its energy for a long time Supports Policies. Period.
Related Article: Inauguration of Solar Power Plant at Naval Station in Navi Mumbai
With this new project, we are honoured and delighted to be ready to continue this strategic partnership. For EDF, the signing of the PPA for Al Dhafra Solar PV is proof of the belief that The government and EWEC are in our industrial capacities. The project will utilize the latest in latest, crystalline, binary solar technology and deliver electricity at world record-low tariffs in such radiation conditions.
It offers a diverse range of renewable energy solutions. Will support the UAE's unique vision and leadership position in development that will provide lasting and efficient power for generations to come. "
Charles Bai, President of JinkoPower International Business commented: "After our successful participation within the construction of the world's largest single solar project, Noon Abu Dhabi, Ginkgo is once more expected to be a partner in the development of the new largest PV generation plant in the world Has got the privilege of.
Related Article: Vikram invested $ 726 million to build solar equipment
The UAE energy industry is understood for its world-class standards, which operate with fairness and transparency. It is a beautiful environment for investors and underpins our strategy to continue investing in renewable energy projects within the UAE.
The Al Dhafra Solar PV Project raises the bar in the energy sector and also demonstrates how new records can be created. Today, Jinko and our partners take pride in starting to execute the world's largest PV project and fully deliver the latest world-class technology and manufacturing methods. "
Related Article: India installed 5.4 GW of solar capacity in FY 2020, to add 6.7 GW in FY 2021: Report
Through this project, 60% will be owned by TAQA and Masdar, while the remaining 40% will be owned by EDF and JinkoPower. Financial completion of the project is expected in Q3 202, enabling initial power generation in H1 2022 and full generation by H2 2022. Once fully operational, the plant will increase Abu Dhabi's solar energy capacity to approximately 3.2 GW.
0 Comments