The 27,000sqm plant will manufacture solar panels and photovoltaic modules
Khalifa Economic Zones Abu Dhabi–KEZAD Group and UAE-based Abundance Solar Panels Industries have announced the signing of a 50-year land lease agreement for the establishment of a sophisticated solar panel plant in KEZAD.
To be developed with AED 55mn in investment, the plant will manufacture solar panels and integrated photovoltaic modules for businesses across industries looking to move to energy-efficient ecosystems.
Spanning over 27,000sqm, the plant represents another landmark moment in KEZAD’s history of facilitating the development of new-energy environments. The agreement also reinforces AD Ports Group’s strategic vision to drive the transition towards renewable energy and lead the UAE’s green agenda to achieve net-zero emissions.
Sustainable development
“The Abundance Solar Panel project aligns with our leadership’s vision for innovation in sustainable economic development as well as KEZAD Group’s goals of driving industrial development responsibly and sustainably in the emirate of Abu Dhabi,” stated Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi-KEZAD Group.
“Encouraged by the vision of UAE’s leadership to drive innovation and excellence in sustainable manufacturing, we are setting up fully automatic plant for solar panels manufacturing to offer our humble contribution to Abu Dhabi’s green future,” remarked Sunil Madhok, Founder of Abundance Solar Panels Industries.
Fostering a hub of green technologies and sustainable business practices is at the core of the industrial strategy of KEZAD Group and the establishment of the solar panel plant is part of that grand design.
