Al Dhafra has received financial support from worldwide banks and soon will be completing the biggest solar power project in Abu Dhabi.
The 2 GW solar power projects being built in Al Dhafra received financial support from seven banks around the world. Construction of the biggest solar power in Abu Dhabi will complete soon. Abu Dhabi’s JinkoPower, EDF Renewables, and Masdar are assisting Abu Dhabi’s National Energy Company, TAQA to build the plant. The Al Dhafra Solar Photovoltaic plant, which is located 35 km away from the city of Abu Dhabi has a target to supply electricity to around 160,000 homes in UAE.
Solar power plants have proven to be very effective when it comes to supplying renewable energy in a mass amount. Many urban development projects have been incorporating solar panels in their plans. Each particle of photons that enters the earth contains energy that fuels the planet. Solar energy is the main responsible factor for all the other energy sources of the earth and also regulates the weather systems. It is scientifically proven that the amount of solar radiation that enters the earth in an hour is theoretically enough to fulfill global energy demand for an entire year. Incorporating this energy in the daily lives will also reduce carbon emission across the globe. As a result, Abu Dhabi has taken the initiative to use renewable energy sources than non-renewable ones.
The power plant is targeting to reduce carbon emission levels of UAE by 2.4 million metric tons on a yearly basis, which is equivalent to removing 470,000 cars from the roads. Earlier this year there was competitive bidding for the project which led to one of the highest tariffs for solar power plants. The cost per kWh (kilowatt per hour) was set at Dh 4.97 fils but was then lowered to Dh 4.85 fils. TAQA is going to own 40% of the project share while the other three organizations will have 20% each. The commercial operation will start in 2022.