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ADWEC to build solar plant in Abu Dhabi
- 7 years ago (2017-03-03)
- David Flin
Abu Dhabi Water and Electricity Company (ADWEC), Japan’s Marubeni Corporation, and China’s JinkoSolar Holdings, the world’s largest solar panel producer by shipments, are forming a consortium to develop one of the world’s largest PV power plants in Abu Dhabi. The 1177 MW Sweihan project in Abu Dhabi, United Arab Emirates, will have a power price that the consortium claims will be one of the lowest ever achieved by a utility-scale project globally under a 25-year power purchase agreement.
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The Abu Dhabi Water and Electricity Authority (ADWEA) owns 60 per cent of the consortium, Marubeni 20 per cent, and JinkoSolar 20 per cent. The construction will be responsible for the construction, operation, and maintenance of the PV plant. ADWEC is a wholly-owned subsidiary of ADWEA.
Li Xiande, Chairman of JinkoSolar, said: “The execution of the power purchase agreement demonstrates our strong technical skills, reliable high-efficiency products and development capabilities, and we are proud of making a significant contribution to the development of the solar industry in the Emirate of Abu Dhabi.”