EWEC seeks programmer for 1.5-GW solar project in Abu Dhabi
- UAE utility Emirates Water and Electricity Company (EWEC) is looking for events curious about the development and partial ownership of a 1.5-GW solar project in Abu Dhabi.
The power and also water vendor on Tuesday revealed an Expression of Interest (EOI) as part of a future tender to honor the Al Abjan greenfield solar photovoltaic (PV) project. The initiative aims to penetrate the interest for the implementation of the project and the acquisition of an approximately 40% ownership stake with competitive bidding.
The chosen programmer or consortium will certainly be charged with the financing, building, procedure, upkeep and also ownership of the project.
EOIs will certainly be approved by May 27, 2022. The next phase while doing so will be the launch of a Request for Qualifications (RFQ).
Planned to be built in the Ajban location of Abu Dhabi, the big solar park is anticipated to produce electricity for around 160,000 homes per year as well as balanced out over 2.4 tonnes of carbon dioxide (CO2) emissions. State-owned EWEC will certainly maintain a 60% interest in the project and also will be the power off-taker, signing a long-term power purchase agreement (PPA) with the chosen developer.
Al Abjan will certainly be EWEC's third effort in a large-scale solar scheme. The company is also behind the 1.2-GW Noor Abu Dhabi solar park, which has functioned for three years and the 2-GW Al Dhafra PV2 solar project that is incomplete in Abu Dhabi.