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Abundance set to build a solar panels plant in UAE: Khalifa Economic Zones Abu Dhabi (Kezad) signed a 50-year land lease agreement with UAE-based Abundance Solar Panels Industries to set up an AED 55 mn solar panels factory at Kezad’s Area A in Ras Al Khaimah’s Al Ma’mourah, according to a statement. The production capacity of the facility and a timeline for launch was not disclosed.
What we know: The solar factory, which will span 27k sqm, will produce solar panels and PV modules for industries and businesses moving towards green energy and energy efficiency, according to the statement.
IN OTHER UAE SOLAR NEWS-
Gstar to build PV facility in UAE: Singapore-based solar PV solutions provider Gstar signed an MoU with a consortium led by UAE’s investment company Siraj Holding to build a 2 GW solar module manufacturing facility in the UAE, according to a statement released earlier this week. The project is set to break ground in November and will produce high-efficiency N-type technology. The investment ticket for the planned facility was not disclosed.
About Gstar: Established in 2019, Gstar offers an integrated approach encompassing research and development, design, production, and sales, covering products from silicon wafers and cells to modules, according to its website.
