Abundance Solar Panel Industries to establish AED55 million solar power plant in Abu Dhabi

Abu Dhabi, Khalifa Economic Zones Abu Dhabi (KEZAD Group), the largest operator of integrated and purpose-built economic zones and UAE-based Abundance Solar Panels Industries have announced the signing of a 50 year land lease agreement for the establishment of a sophisticated solar power plant in KEZAD Area A, Al Ma'mourah. To be developed with AED55 million in investment, the plant will manufacture solar panels and integrated photovoltaic modules for businesses across industries looking to move to energy-efficient ecosystems, according to the Emirates News Agency (WAM) Spanning over 27,000 square metres, the plant represents another landmark moment in KEZAD's history of facilitating the development of new-energy environments. The agreement also reinforces AD Ports Group's strategic vision to drive the transition towards renewable energy and lead the UAE's green agenda to achieve net zero. The proposed plant will leverage the latest innovations in solar panel technology and operate within a sustainable ec osystem, promoting the environmental responsibility and stewardship that KEZAD Group stands for. Solar panels leverage solar energy to generate power and contribute towards building environmentally friendly energy systems. Fostering a hub of green technologies and sustainable business practices is at the core of the industrial strategy of KEZAD Group and the establishment of the solar panel plant is part of that grand design. It will not only enhance energy security but is also a big step forward in shaping the future of energy in Abu Dhabi. Source: Bahrain News Agency