The Middle East’s
4. Othman Al Ali
In April 2024, EWEC announced its new 1.5 gigawatt Al Ajban Solar PV Independent Power Project. The development of this utility-scale power plant was awarded to Masdar, EDF Renewables, and the Korea Western Power Company and in September 2024 the consortium secured the finance of the project from six banks. It is set to be operational by Q3 2026, with a projected reduction of 2.4 million metric tons of carbon emissions per year in Abu Dhabi. EWEC and the Tadweer Group signed a concession agreement with a Japan-based consortium in March 2024 to develop the greenfield Abu Dhabi Waste-to-Energy Independent Power Project, which is expected to reduce 1.1 million tons of carbon emissions per year once launched. By 2035, EWEC plans to provide 60% of Abu Dhabi’s total power demand from renewable and clean energy sources.