The I.5 GW Khazna solar power project go ahead has been issued by Abu Dhabi. The Emirates Water and Electricity Company (EWEC) invited bids for the project earlier last month in preparation to start the project. The scope of the work involves the development, construction, maintenance, financing, and even the operation and ownership of the project. Associated infrastructure based from the project will also be part of the project’s scope and the contracted company will be liable for them as well. The project is in line with Abu Dhabi’s program for independent energy projects. Here, developers enter into a long-term power purchase agreement with EWEC as the sole power purchaser.
The Khazna solar power project development aligns with the company’s plan to construct additional renewable energy projects. The aim of this is to ensure that the projects propel them in meeting their target of increasing solar power generation capacity to 7.3GW by 2030. Othman Al Ali, CEO of EWEC, emphasized that solar energy is an integral part of the company’s strategy to develop its portfolio towards a low-carbon system. This in turn will facilitate the decarbonization of electricity production, which is also on the agenda. The company chief pointed out that EWEC is strategically investing in developing world leading renewable projects in a bid to meet their targets. One of these targets is ensuring 60% of Abu Dhabi’s total power generation is from renewable energy sources by 2035.
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The Khazna Solar Power Project will Generate Electricity for Approximately 160,000 Homes Once Fully Operational.
The Khazna Solar Power project will generate electricity for around 160,000 households once it is fully operational in the United Arab Emirates. It is expected to reduce carbon emissions by more than 2.4 million metric tonnes per year. This is an equivalent of removing approximately 470,000 cars from the road which will be an achievement. EWEC also plans to commission at least two additional 1.5GW solar power projects. This is in line with adding an average of 1GW of solar capacity per year in the next decade.
