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Abu Dhabi’s Adwea has signed a contract with Japan’s Marubeni and China’s JinkoSolar to build the world’s largest solar photovoltaic (PV) plant: 1.18GW at Sweihan, 120km east of Abu Dhabi city, which is expected to cost $3.2bn.
The project’s world-beating size brings economies of scale that have enabled Marubeni and JinkoSolar to offer Adwea a record low levelized cost of electricity of Dh0.089/kWh (US¢2.42/kWh).
The company formed to develop Sweihan – Marubeni 20%, JinkoSolar 20% and Adwea 60% – will supply electricity under a 25-year power purchase agreement. Marubeni says that construction is scheduled for April 2019 completion and that the partners plan to raise project finance from international lenders ( MEES, 3 March ).
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