Earlier in the year, the competitive bidding for the project led to one of the most competitive tariffs for solar power , set at Dh4.97 fils/kWh, which upon financial closing, was further brought down to Dh4.85 fils/kWh. TAQA (Abu Dhabi National Energy Company) is developing the plant along with Abu Dhabi s Masdar, EDF Renewables and JinkoPower.
This was primarily from hedging and financing cost improvements. TAQA will own 40 per cent of the project, while the other three will have 20 per cent stake each. Commercial operations are scheduled for 2022.
What s Al Dhafra solar plant is all about The plant will deploy the latest in crystalline, bifacial solar technology that will enable it to provide more efficient electricity by capturing solar irradiation from both the front and backside of the [solar] panel .
DUBAI: The Abu Dhabi National Energy Co. (TAQA) on Tuesday announced it has secured funding to build the world’s largest solar power plant.
The successful financial closing of Al-Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project was achieved alongside TAQA’s partners Masdar, EDF Renewables and JinkoPower.
The plant will be located around 35km from Abu Dhabi city, will have capacity of 2 gigawatts (GW) and will supply power to the Emirates Water and Electricity Co. (EWEC).
When complete, Al-Dhafra Solar PV IPP will be the world’s largest single-site solar power plant, using approximately 4 million solar panels to generate enough electricity for approximately 160,000 homes across the UAE.
Financing closes on game changer Abu Dhabi solar project arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.
World’s largest solar power plant set to operate as Taqa receives UAE s financing
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Four million solar panels to generate power for 160,000 UAE homes
Abu Dhabi National Energy Company (Taqa) and its partners Masdar, EDF Renewables and JinkoPower, have announced financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project.
The project, located approximately 35 km from Abu Dhabi City, will have a capacity of 2 gigawatts (GW) and will supply power to Emirates Water and Electricity Company (EWEC).
Once operational, the Al Dhafra Solar PV IPP will be the world’s largest single-site solar power plant, using approximately 4 million solar panels to generate enough electricity for approximately 160,000 homes across the UAE.
Abu Dhabi Taqa secures funding for world s largest solar project
ABU DHABI, December 22, 2020 Abu Dhabi National Energy Company (Taqa) today (December 22) announced the successful financial closing of the Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project in co-ordination with key partners - Abu Dhabi Future Energy Company (Masdar), EDF Renewables and JinkoPower. The record-breaking project, located approximately 35 km from Abu Dhabi city, will have a capacity of 2 gigawatts (GW) and will supply power to Emirates Water and Electricity Company (Ewec). Once operational, the Al Dhafra Solar PV IPP will be the world’s largest single-site solar power plant, using approximately 4 million solar panels to generate enough electricity for approximately 160,000 homes across the UAE.