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JinkoSolar, Marubeni enter power purchase agreement in Abu Dhabi

Staff Writer |
JinkoSolar Holding saidd that a consortium consisting of JinkoSolar and Marubeni Corporation have entered into an agreement with the Abu Dhabi Water and Electricity Company (ADWEC) for the Solar PV Independent Power Project in Sweihan.

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A special purpose company jointly owned by JinkoSolar, Marubeni, and the Abu Dhabi Water and Electricity Authority (ADWEA) will construct, operate and maintain the PV plant for the duration of the 25-year PPA.

The project will be located in the Eastern Region of the Emirate of Abu Dhabi, approximately 120 km east of the city of Abu Dhabi in Sweihan and will have the capacity of 1,177 MW (DC).

All power generated will be sold to ADWEC, a wholly owned entity of the ADWEA. The Project's financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.

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