Skip to content Skip to Search
Skip navigation

Abu Dhabi opens tender for 1.5 GW solar PV plant

The $1bn Al Henakiyah solar plant to be built by Masdar's consortium in Saudi Arabia will be one of the largest in the world Wam
The $1bn Al Henakiyah solar plant to be built by Masdar's consortium in Saudi Arabia will be one of the largest in the world

Emirates Water and Electricity Company (Ewec) has started the tendering process for the 1.5 gigawatt Khazna solar photovoltaic independent power project. 

Ewec has invited developers and developer consortiums to submit an expression of interest (EOI) for the development, financing, construction, operation, maintenance and ownership of the greenfield solar PV power plant and associated infrastructure in the Al Khazna area of Abu Dhabi.

The new solar project aligns with Ewec’s plan to build additional renewable energy plants, increasing its total solar power generation capacity to 7.3 GW by 2030.

The company also plans to commission at least two additional 1,500 MW solar PV projects, adding an average of one GW of solar capacity per year for the next decade. 

The Khazna solar PV project will be similar in scale and production capacity to Al Dhafra and Al Ajban solar PVs. 

Once fully operational, the Khazna project will generate electricity for 160,000 homes across the UAE and is expected to reduce CO2 emissions by more than 2.4 million metric tonnes per year, equivalent to removing 470,000 cars from the road. 

Othman Al Ali, chief executive officer of Ewec, said: “We continue to strategically invest in developing renewable projects that significantly accelerate our journey to meeting 60 percent of Abu Dhabi’s total power demand from renewable and clean energy sources by 2035.”

The deadline for EOI submission is October 2, 2023.

Latest articles

A Geely Galaxy E8 electric vehicle at Auto China 2024. Geely is one of the most popular Chinese car brands in the Gulf

Chinese carmakers ‘taking Gulf by storm’

Chinese carmakers now claim a sizeable chunk of new car sales in the Gulf and it is likely they will increase their market share further by wooing regional consumers through their vehicles’ innovative designs and perceived value for money. That is the prediction of Amir Khurshid, CEO of Saudi Arabia’s ThinkDirect Automotive Consulting and an […]

UAE’s RedBird IMI acquires UK TV producer for $1.5bn

RedBird IMI, A US investment management company partly owned by Abu Dhabi’s International Media Investments, has acquired All3Media, the UK’s largest independent TV production company behind hits such as Fleabag, The Traitors and Gogglebox. The for £1.15 billion ($1.5 billion) deal is the largest for RedBird IMI to date, the company said in a statement. […]

PIF's Starbucks shareholdings were cut almost by half from 6.3 million shares to 3.8 million

PIF slashes Starbucks stake as it cuts US stocks by $15bn

Saudi Arabia’s Public Investment Fund (PIF) has slashed its US equity holdings by 42 percent to $20.6 billion, including its stake in Starbucks, the global coffee chain that has suffered calls for a boycott as a result of the Gaza conflict. The latest US government data highlights funding challenges facing the Saudi giga-projects.  The filing […]

Tunisia olives

Soaring olive oil exports help Tunisia balance books

Tunisia’s soaring olive oil exports have almost doubled to close to $1 billion in just five months, helping it claw back its current account deficit.   However the increased revenues merely “paint over the cracks” and the country is still probably heading towards a sovereign default, according to an economic expert. Tunisia’s current account deficit narrowed […]