The Emirates Water and Electricity Company (EWEC) has received three proposals for the development of the 1,500 MW Khazna solar PV project, located in the Al Khazna area of Abu Dhabi (United Arab Emirates). In competition for the project are France’s Engie, a consortium of EDF Renewables and Korea Western Power (KOWEPO), and a consortium of China’s Jinko Power and Japan’s JERA. The solar plant will generate enough electricity for approximately 160,000 UAE households and is expected to reduce emissions by more than 2.4 MtCO2/year.
EWEC had issued a Request for Proposals (RFP) to qualified developers and consortiums for the development of the project in April 2024. The project will involve the development, financing, construction, operation, maintenance, and ownership of the plant and associated infrastructure. The successful developer or developer consortium will own up to 40% of the entity, while the remaining equity will be held indirectly by the Abu Dhabi Government. The developer will enter into a long-term power purchase agreement (PPA) with EWEC.
EWEC aims to produce nearly 50% of its electricity from renewable and clean energy sources by 2030. The United Arab Emirates' total capacity was 42 GW (end of 2022) and is dominated by gas-fired (82%), followed by nuclear (10%), solar (7%), and oil (1%).
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.