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MarketScreener Homepage  >  Equities  >  Abu Dhabi Securities Exchange  >  Abu Dhabi National Energy Company PJSC    TAQA   AEA002401015

ABU DHABI NATIONAL ENERGY COMPANY PJSC

(TAQA)
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EDF Renewables, Jinko Power Awarded Solar Project in Abu Dhabi

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07/27/2020 | 03:56am EDT

By Giulia Petroni

Electricite de France SA said Monday that a consortium formed by its subsidiary EDF Renewables and China's Jinko Power Technology Co. has won a solar project in Abu Dhabi.

The French energy company said the solar plant will have a capacity of 2 gigawatts and generate the equivalent electricity to power 160,000 local households a year. It will be located in the region of Al Dhafra.

Construction works are expected to start by the end of the year, according to EDF, and the commissioning is planned for 2022.

The project is part of a public-private partnership, according to the company. EDF Renewables and Jinko Power will hold 20% each, while the remaining 60% will be owned by Abu Dhabi National Energy Co. PJSC and Masdar.

The call for tender was launched last year by the Emirates Water and Electricity Co., with which partners have signed a 30-year power purchase agreement, EDF said.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ELECTRICITÉ DE FRANCE 0.77% 9.91 Real-time Quote.-0.93%
ENGIE 0.54% 10.335 Real-time Quote.-28.68%
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All news about ABU DHABI NATIONAL ENERGY COMPANY PJSC
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Abu Dhabi National Energy Company PJSC Technical Analysis Chart | MarketScreener
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Managers
NameTitle
Jasim Husain Thabet Chief Executive Officer, MD & Director
Saeed Mubarak Rashed Al-Hajeri Chairman
Mohammed Abdullah Falah Al-Ahbabi Chief Financial Officer
Salem Sultan Obaid Al-Dhaheri Independent Non-Executive Director
Khaled Abdulla Mohamed Al-Mass Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ABU DHABI NATIONAL ENERGY COMPANY PJSC47.60%1 105
NATIONAL GRID PLC-2.55%42 055
SEMPRA ENERGY-16.75%36 476
ENGIE-27.40%29 661
E.ON SE-5.92%27 465
RWE AG17.04%25 448