Despite the pandemic and low oil prices, EWEC has made substantial progress on the 2GW Al-Dhafra solar photovoltaic independent power project
The next four years will see Abu Dhabi scale up its aggregate renewable energy capacity with up to 9GW of baseload nuclear and solar energy, summing up capacity from concentrated solar power (CSP) and photovoltaic (PV) plants. Will this be the silver bullet to the UAE capital’s power needs?
The project was awarded by Japan’s Marubeni Corporation, developer of the 2.4GW project
The first two major schemes are the 1.2GW solar PV IPP project at Sweihan, referred to as Noor Abu Dhabi, and the planned 2GW Al-Dhafra solar IPP
The plant is expected to be almost double the size of EWEC’s ‘Noor Abu Dhabi’ solar plant - the current largest operational single-site Solar PV plant in the world
The project is to cost Dh3.19bn, with funding sourced from a combination of senior project finance loans worth a total of Dh2.71bn, in addition to equity contributions from shareholders and operating cash flow from pre-operations
- 1 of 3