Korea Western Power (Kowepco) and EDF Renewables signed a Joint Development Agreement (JDA) to bid on the upcoming 1.5 GW Al-Khazna solar project in the UAE, The Korean Economic Daily reported on Friday. The project — located in Abu Dhabi’s Al-Khazna area bordering Al Ain — will be completed by 2027. The financial details regarding the plant’s construction were not disclosed.

About the solar farm: Khazna is a greenfield solar power project with a generation capacity of 1.5 GW similar in scale and production capacity to Al-Dhafra and Al-Ajban solar projects. Once fully operational the project is expected to reduce CO2 emissions by over 2.4 mn tons per year — equivalent to removing about 470k cars from the road.

We knew this was coming: Emirates Water and Electricity Company(Ewec) invited developers to submit expressions of interest for the development of Khazna last year. The selected developer will be tasked with constructing, financing, operating, maintaining, and owning the solar plant, with Ewec being the sole offtaker of solar power generated under a long-term 30-year PPA.

Kowepco ❤️EDF: The two companies were tapped by Ewec last month to develop the 1.5 GW Al Ajban solar project for an estimated investment ticket of USD 748 mn. The plant will break ground in June and is set for completion in 2026. The pair are also developing Oman’s 500 MW Manah solar project.

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