Engie secures funding for 1.5GW Khazna Solar PV project in UAE

French vigor institution Engie and its spouse Masdar person reached fiscal adjacent for the 1.5GW Khazna Solar PV task successful the United Arab Emirates (UAE).

Equipped with astir 3 cardinal star panels, the task is acceptable to beryllium the largest photovoltaic (PV) installation undertaken by Engie globally.

It is located betwixt Abu Dhabi and Al Ain and is expected to go afloat operational successful 2028.

Financing for the task has been secured from a consortium of 7 large banks including Abu Dhabi Islamic Bank and Crédit Agricole Corporate and Investment Bank.

Engie elder enforcement vice-president Paulo Almirante said: “Reaching fiscal adjacent connected Khazna Solar PV is simply a large milestone and underscores Engie’s relation arsenic a trusted spouse successful the Middle East’s vigor transition, delivering large-scale projects that fortify vigor proviso information and beforehand decarbonisation.”

The Khazna Solar PV task was awarded to Engie and Masdar by the Emirates Water and Electricity Company (EWEC) successful October 2025. Under a 30-year powerfulness acquisition agreement, EWEC volition procure the output of the star facility.

The task aims to proviso energy to astir 160,000 homes and is projected to trim c emissions by much than 2.4 cardinal tonnes per annum.

Khazna Solar PV besides represents the archetypal rollout of a determination practice statement betwixt Engie, PV module supplier LONGi, and engineering, procurement and operation institution PowerChina.

The concern brings unneurotic their expertise and resources to make large-scale star projects totalling much than 800MW crossed Saudi Arabia, the UAE and Morocco, portion expanding their beingness passim the Middle East and North Africa.

Engie aims to execute a carbon-neutral system by the twelvemonth 2045. The institution operates crossed the full vigor worth concatenation and invests importantly successful renewable vigor initiatives.

Earlier this month, Engie secured its archetypal hybrid star and artillery retention task successful India aft a palmy bid successful the Solar Energy Corporation of India’s nationalist tender.

The task combined 200MW of star PV capableness with a 100MW/600 megawatt-hour artillery vigor retention system, enabling up to six hours of renewable vigor retention and supply.

"Engie secures backing for 1.5GW Khazna Solar PV task successful UAE" was primitively created and published by Power Technology, a GlobalData owned brand.

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