{"id":108398,"date":"2025-10-13T00:00:00","date_gmt":"2025-10-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/"},"modified":"2025-10-13T00:00:00","modified_gmt":"2025-10-13T00:00:00","slug":"masdar-engie-land-1-5-gw-khazna-solar-project-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/","title":{"rendered":"Masdar + Engie land 1.5 GW Khazna solar project contract"},"content":{"rendered":"

Abu Dhabi-based Emirates Water and Electricity Company (Ewec) awarded<\/strong> the 1.5 GW Khazna Solar PV Independent Power Project to France\u2019s Engie and Masdar<\/strong>, which will act as a local shareholder, according to a press release<\/a>. The project is expected to reach financial close by the end of 4Q 2025 and become operational<\/a> by 2026 or 2027. <\/p>\n

Ewec signed a power purchase agreement with the consortium<\/strong>, structured as an energy purchase agreement, under which Ewec will pay only for the net power generated by the plant. Engie and Masdar will be responsible for designing, financing, building, and operating the facility. <\/p>\n

Advanced tech on the table: <\/strong>The project will deploy IoT-enabled sensors, cloud-based monitoring, big data analytics, and robotic cleaning systems to optimize output and reduce maintenance costs. <\/p>\n

Engie\u2019s consortium offered the lowest levelized cost of electricity bid for the project at USD 0.0149\/kWh<\/strong>, some 3% lower than China\u2019s Jinko Power and Japan\u2019s Jera\u2019s USD 0.0151\/kWh, according to Meed<\/a>. Korea Western Power (Kowepco) and EDF\u2019s bid was the highest at USD 0.0159\/kWh.<\/p>\n

REMEMBER- <\/strong>Ewec received three proposals<\/a> to set up the 1.5 GW IPP in October last year and signed<\/a> a joint development agreement with Kowepco and EDF Renewables last March.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project is expected to reach financial close by the end of 4Q this year.<\/p>\n","protected":false},"author":1,"featured_media":108399,"comment_status":"","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":[1604],"tags":[480,143,7,171,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-emirates-water-and-electricity-company","tag-energy","tag-enterpriseam-uae","tag-masdar","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"9adb2cac-d4ed-4600-82cc-85cfa4b192db","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ewec awards 1.5 GW Khazna solar project to Engie, Masdar","related_issue":[108388],"teaser":"The project is expected to reach financial close by the end of 4Q this year.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.bc21971c-af16-4b07-817a-8e8a9e3c1676.mp3"},"yoast_head":"\nMasdar + Engie land 1.5 GW Khazna solar project contract - UAE<\/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\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Masdar + Engie land 1.5 GW Khazna solar project contract\" \/>\n<meta property=\"og:description\" content=\"The project is expected to reach financial close by the end of 4Q this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Masdar + Engie land 1.5 GW Khazna solar project contract\",\"datePublished\":\"2025-10-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Emirates Water and Electricity Company\",\"energy\",\"EnterpriseAM UAE\",\"Masdar\",\"solar energy\"],\"articleSection\":[\"ENERGY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/10\/13\/masdar-engie-land-1-5-gw-khazna-solar-project-contract\/\",\"name\":\"Masdar + Engie land 1.5 GW Khazna solar project contract - 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