EWEC Initiates Bidding for 1.5GW Solar Energy Project in the United Arab Emirates

The United Arab Emirates Hydroelectric Company is inviting developers to bid for a 1.5GW solar energy project in the Al Khazna area near the capital of the United Arab Emirates, Abu Dhabi. After completion, this 1.5GW solar energy project is expected to contribute to the city's energy transformation plan and sustainable development goals, providing power to nearly 160000 households and reducing over 2.4 million tons of carbon dioxide emissions annually. The project will include the development, financing, construction, operation, maintenance, and ownership of solar energy projects, as well as related infrastructure engineering.

EWEC CEO Othman Al Ali stated that we will continue to strategically invest in developing world leading renewable energy projects that will greatly accelerate our journey to meet 60% of Abu Dhabi's total renewable and clean energy electricity demand by 2035, and actively contribute to achieving the sustainable development goals of the United Arab Emirates.

Through the Khazna solar photovoltaic project, EWEC is bringing another world-class utility scale solar project to Abu Dhabi and the United Arab Emirates, reflecting the country's position at the forefront of energy transformation. The practical steps taken by EWEC today will enable us to become an example of integrating solar energy and low-carbon technologies into the power grid.

EWEC also plans to produce at least two additional 1500MW solar photovoltaic projects, reflecting our commitment to increasing solar capacity by an average of 1GW per year over the next decade. We look forward to receiving expressions of interest from developers or developer consortia in developing important Khazna solar photovoltaic projects.

The project will be approved and implemented as an independent power project model, under which the developer or developer consortium will sign a long-term power purchase agreement with EWEC. The utility company will be the only buyer of electricity, and it is expected that the structure of the PPA will only cover the net electricity generated by the project. The final submission date for the bid is October 2, 2023.