EDF-Jinko power consortium wins deal for solar project in Abu Dhabi

A consortium formed by French state-controlled power group EDF (EDF.PA) and its partner Jinko Power Technology has been awarded the Al Dhafra solar project in Abu Dhabi, United Arab Emirates.

The Abu Dhabi solar photovoltaic plant would have a capacity of 2 GW, which would make it the largest single-project solar plant in the world, generating the equivalent electricity to power more than 160,000 households each year. EDF and Jinko Power will each hold a 20 per cent stake in the project, while the remaining 60 per cent will be held by Abu Dhabi firms TAQA and Masdar. The companies are set to start construction by the end of 2020. The rigorous procurement process resulted in one of the most cost-competitive tariffs for solar PV energy, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh) on a levelized cost of electricity basis.