ADWEA Will Build the World's Largest Solar Power Plant


Posted on 2017-05-31 Author:LIYUCSF

 

International green energy company -ADWEA recently announced they have just finished the financing in 872 million us dollars. As agreed upon, they plan to take 650 million to build the world’s largest solar power plant, and take 222 million as the equity financing.

 

It is ADWEA ‘s first foray into the renewable resource. The solar power plant is 120 km from the eastern of ABU Dhabi, it is expected to be completed before the second quarter in 2019, then, the independent generating capacity will reach 1177 MW. ABU Dhabi plans to gain 7% resources from the renewable resources before 2020, the developers promise to supply the power on 2.42 cent power per KWH, which is one of the most competitive price in photovoltaic industry. In addition, ADWEA also starts other solar power project named Sham’s1 in the west of ABU Dhabi that will supply clean energy for 20,000 families in UAE.

 

 


 

International green energy company -ADWEA recently announced they have just finished the financing in 872 million us dollars. As agreed upon, they plan to take 650 million to build the world’s largest solar power plant, and take 222 million as the equity financing.

 

It is ADWEA ‘s first foray into the renewable resource. The solar power plant is 120 km from the eastern of ABU Dhabi, it is expected to be completed before the second quarter in 2019, then, the independent generating capacity will reach 1177 MW. ABU Dhabi plans to gain 7% resources from the renewable resources before 2020, the developers promise to supply the power on 2.42 cent power per KWH, which is one of the most competitive price in photovoltaic industry. In addition, ADWEA also starts other solar power project named Sham’s1 in the west of ABU Dhabi that will supply clean energy for 20,000 families in UAE.