{"id":7813,"date":"2017-03-10T09:28:22","date_gmt":"2017-03-10T09:28:22","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2017\/03\/10\/jinkosolar-marubeni-enter-ppa-abu-dhabi-1177-mw-solar-pv-mega-project\/"},"modified":"2017-03-10T09:28:22","modified_gmt":"2017-03-10T09:28:22","slug":"jinkosolar-marubeni-enter-ppa-abu-dhabi-1177-mw-solar-pv-mega-project","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2017\/03\/10\/jinkosolar-marubeni-enter-ppa-abu-dhabi-1177-mw-solar-pv-mega-project\/","title":{"rendered":"JinkoSolar, Marubeni Enter Into PPA for Abu Dhabi 1,177MW Solar PV Mega Project"},"content":{"rendered":"<p><a href=\"http:\/\/www.jinkosolar.com\">JinkoSolar Holding Co., Ltd<\/a>., has announced that a consortium consisting of JinkoSolar and <a href=\"http:\/\/www.marubeni.com\/\">Marubeni Corporation<\/a> have entered into a Power Purchase Agreement (&#8220;PPA&#8221;) with the <a href=\"http:\/\/www.adwec.ae\">Abu Dhabi Water and Electricity Company (&#8220;ADWEC&#8221;)<\/a> for the Solar PV Independent Power Project located at Sweihan, Emirate of Abu Dhabi, United Arab Emirates.<\/p>\n<p>A special purpose company jointly owned by JinkoSolar, Marubeni, and the Abu Dhabi Water and Electricity Authority (&#8220;ADWEA&#8221;) will construct, operate and maintain the solar 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&#8217;s financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.<\/p>\n<p>&#8220;Today&#8217;s important milestone is a highly significant event for both the Emirate of Abu Dhabi and also for the global Solar PV market,&#8221; commented H.E Abdullah Ali Musleh Al Ahbabi, Chairman of ADWEA. &#8220;Not only will the Project, once constructed, be the world&#8217;s largest single utility-scale solar PV plant, but the price of net electrical energy that we have agreed to today is one of the most competitive prices seen to date in the Solar PV industry.&#8221;<\/p>\n<p>&#8220;We are excited to be a part of the significant milestone project to co-develop with ADWEC and Marubeni. The execution of the PPA demonstrates our strong technical skills, reliable high-efficiency products and development capabilities<span id=\"spanHghlte330\">,&#8221;<\/span> commented Mr Xiande Li, Chairman of JinkoSolar. &#8220;We are proud of making a significant contribution to the development of the solar industry in the Emirate of Abu Dhabi.&#8221;<\/p>\n<p>JinkoSolar is a global leader in the solar industry.\u00a0JinkoSolar\u00a0distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in\u00a0China,\u00a0the United States,\u00a0Japan,\u00a0Germany, the\u00a0United Kingdom,\u00a0Chile,\u00a0South Africa,\u00a0India,\u00a0Mexico,\u00a0Brazil, the\u00a0United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. The company has built a vertically integrated solar product value chain, with an integrated annual capacity of 5.0GW for silicon ingots and wafers, 4.0GW for solar cells, and 6.5 GW for solar modules, as of\u00a0December 31, 2016.<\/p>\n<p>JinkoSolar\u00a0has over 15,000 employees across its 6 productions facilities in\u00a0Jiangxi, Zhejiang and Xinjiang Provinces,\u00a0China,\u00a0Malaysia,\u00a0Portugal\u00a0and\u00a0South Africa, and 15 overseas subsidiaries across Japan (2), \u00a0Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia and South Africa. JinkoSolar has 18 global sales offices across China (2), United Kingdom, Bulgaria, Greece, Romania, United Arab Emirates, Jordan, Saudi Arabia, Kuwait, Egypt, Morocco, Ghana, Kenya, Costa Rica, Colombia, Brazil and Mexico.<\/p>\n<p>\u00a9User:Ballonboy101\/Wikimedia Commons\/CC-BY-SA-3.0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JinkoSolar and Marubeni Corporation have entered into a PPA with the Abu Dhabi Water and Electricity Company ADWEC for the huge solar PV project located at Sweihan, Abu Dhabi, UAE. A special purpose company jointly owned 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 Abu Dhabi, in Sweihan and will have the capacity of 1,177 MW (DC). The Project&#8217;s financial agreements are expected to close in April 2017 with commercial operation expected to begin in 2019.<\/p>\n","protected":false},"author":2,"featured_media":7831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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