EWEC (Emirates Water and Electricity Company), UAE has issued the Request for Qualifications (RFQ) to those developers and developer consortiums expressing interest in the development of the new Al Ajban Solar Photovoltaic (PV) Independent Power Project, set to be located in the Ajban area of the Emirate of Abu Dhabi.
This project, with a generation capacity of 1,500 MW (AC), will play a pivotal role in successfully achieving the sustainability and energy diversification objectives of the UAE Energy Strategy 2050 and the UAE Net Zero by 2050 strategic initiative to use renewable and clean energy.
The project will involve the development, financing, construction, operation, maintenance and ownership of the plant, and associated infrastructure. The successful developer or developer consortium will own up to 40 percent of the entity while the remaining equity will be held indirectly by the Abu Dhabi Government.
The developer will enter into a long-term power purchase agreement (PPA) with EWEC, the single buyer of power and water capacity and output in the Emirate of Abu Dhabi. The PPA will be structured as an energy purchase agreement whereby EWEC will pay only for the net electrical energy supplied by the plant.
