Khalifa Economic Zones Abu Dhabi – KEZAD Group and UAE-based Abundance Solar Panels Industries have signed a 50-year land lease agreement to establish a solar panel plant in KEZAD Area A – Al Ma’mourah.
The project will see an injection of AED 55 million, and manufacture solar panels and integrated photovoltaic modules for businesses across industries.
Commenting on the announcement, Mohamed Al Khadar Al Ahmed, CEO, Khalifa Economic Zones Abu Dhabi – KEZAD Group, said: “We welcome the establishment of Abundance’s solar panel plant.
“The project aligns with the 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.”
The plant will span over 27,000 square metres.
“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,” said Sunil Madhok, Founder of Abundance Solar Panels Industries.