Not known to do things by half, the UAE looks set to give the all-clear for another mega solar project, as reports from Japan claim that local company Marubeni is planning a huge 1.18 GW plant in the country. It is not clear at what stage of planning the project is at, or what licensees have so far been achieved, but if reports are accurate, it would be the largest solar plant on earth.
The plant is set to be developed on a 7.8 km2 plot in the desert in eastern Abu Dhabi, using JinkoSolar modules. This might be due to the reported financial assistance of Jinko on the project, who is said to be accounting for 20% of the financing.
The Abu Dhabi Water & Electricity Authority is said to be putting up 60% of the financing and Marubeni the final 20%, with total investment expected to be in the region of JPY 100 billion (US$868 million).
The deal for the plant is expected to be signed next week, when we may see an official announcement from Marubeni regarding the plant. Current reports claim that the electricity will be sold on a 25-year power purchase agreement, with the plant expected to enter operation in 2019.