Masdar Leads Ambitious Solar and Battery Storage Project in Abu Dhabi
Deal News | Jan 17, 2025 | Zawya
Masdar, a UAE-headquartered international renewable energy firm, announced the appointment of contractors and suppliers for a pioneering 24/7 solar PV and battery energy storage system (BESS) project in Abu Dhabi. This gigascale project, developed in collaboration with Emirates Water and Electricity Company (EWEC), is designed to provide up to 1 gigawatt of continuous baseload power. Larsen & Toubro from India and POWERCHINA from China have been designated as the preferred Engineering, Procurement, and Construction (EPC) contractors. Notably, prominent Chinese firms JA Solar, Jinko Solar, and CATL have been chosen as key suppliers for their exceptional solar and battery technologies, with CATL supplying its TENER technology for a 19 gigawatt-hour (GWh) BESS. The project will feature a 5.2GW (DC) solar PV plant, and once completed, it will be the world's largest solar and BESS facility. An investment of $6 billion is anticipated to bring this landmark project operational by 2027, with funding sourced through both equity and project financing.
Sectors
- Renewable Energy
- Engineering & Construction
- Energy Storage
Geography
- United Arab Emirates – The project is located in Abu Dhabi, UAE, making this region a central focus of the article.
- China – Several key suppliers, including JA Solar, Jinko Solar, and CATL, are based in China, indicating the country's involvement.
- India – Indian company Larsen & Toubro is one of the preferred EPC contractors for the project, pointing to India's engagement.
Industry
- Renewable Energy – The article discusses a large-scale solar and battery storage project, focusing on renewable energy sources.
- Engineering & Construction – The project involves substantial engineering and construction efforts with the appointment of EPC contractors.
- Energy Storage – Battery energy storage systems (BESS) are a key component of the project, highlighting the energy storage industry.
Financials
- $6 billion – The projected investment required for the solar PV and BESS facility, involving equity and project financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Masdar | Developer | Company | A UAE-headquartered international renewable energy company leading the development of the solar and BESS project. |
| EWEC (Emirates Water and Electricity Company) | Collaborator | Company | Partnering with Masdar in the development of the project's innovative energy solutions. |
| Larsen & Toubro | Engineering, Procurement and Construction (EPC) Contractor | Company | An Indian firm chosen as a preferred contractor to provide EPC services. |
| POWERCHINA | Engineering, Procurement and Construction (EPC) Contractor | Company | A Chinese company selected as a preferred contractor for EPC responsibilities. |
| JA Solar | Supplier | Company | One of the world's largest PV module suppliers from China, providing solar components. |
| Jinko Solar | Supplier | Company | A leading Chinese PV module supplier and key solar technology provider for the project. |
| CATL | Battery Supplier | Company | The world's largest battery manufacturer and supplier for the BESS, utilizing TENER technology. |
| Abdulaziz Alobaidli | Chief Operating Officer | Person | Masdar's COO, quoted in relation to the project's investment and funding aspects. |