{"id":82428,"date":"2024-02-15T00:00:00","date_gmt":"2024-02-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/"},"modified":"2024-02-15T00:00:00","modified_gmt":"2024-02-15T00:00:00","slug":"edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/","title":{"rendered":"EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project"},"content":{"rendered":"

Ewec taps EDF + Kowepco for Al Ajban project: <\/strong>The Emirates Water and Electricity Company (Ewec) has selected a consortium comprising France\u2019s EDF and Korea Western Power (Kowepco) to develop the 1.5 GW Al Ajban solar IPP project for an estimated investment ticket of USD 748 mn, Asharq Business<\/a> reports, citing a Koewpco statement<\/a>. <\/p>\n

What we know: <\/strong>The plant will break ground in June and is set for completion in 2026. The consortium estimates the plant will generate around USD 2.24 bn in revenues and Ewec will be the sole offtaker for the project for a period of 30 years.<\/p>\n

About the project: <\/strong>Al Ajban \u2014 Ewec\u2019s<\/a>third solar power project<\/a> \u2014 is expected to generate enough electricity to power c. 160k homes across the country, according to the statement. It is set to raise Ewec\u2019s total solar power capacity to c. 4 GW and slash Abu Dhabi\u2019s carbon dioxide emissions by up to 2.4 mn tons annually. The company had originally planned to award the project by 4Q last year.<\/p>\n

Ewec has more in the works: <\/strong>The company invited developers to submit expressions of interest to establish its 1.5 GW Khazna<\/a> solar farm last September and launched a tender process for a battery energy storage system project<\/a> to complete the development, financing, construction, operation, maintenance, and ownership of the greenfield facility with a power capacity of 400 MW. <\/p>\n

Not the consortium\u2019s first regional project: <\/strong>EDF and Kowepco are also currently developing Oman\u2019s 500 MW Manah<\/a> solar project. The plant will boast around 1 mn bifacial PV modules and provide clean energy for approximately 50k homes while offsetting 780k tons of CO2 annually. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project\u2019s estimated value is USD 748 mn<\/p>\n","protected":false},"author":1,"featured_media":82429,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[171],"tags":[11,94,42,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar","tag-enterpriseclimate","tag-solar","tag-solar-energy","tag-uae","wpautop","entry"],"acf":{"mongo_id":"fc7e7a23-32e0-4a73-ac66-f682174f951f","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/1435.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project","related_issue":[82423],"teaser":"The project\u2019s estimated value is USD 748 mn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.c6072c0d-0e11-4934-b88c-e8aecd1a110e.mp3"},"yoast_head":"\nEDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/02\/15\/edf-and-korea-western-power-set-to-build-uaes-1-5-gw-al-ajban-solar-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDF and Korea Western Power set to build UAE\u2019s 1.5 GW Al Ajban solar project\" \/>\n<meta property=\"og:description\" content=\"The project\u2019s estimated value is 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