Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the UAE’s largest operator of integrated economic zones, and Abundance Solar Panels Industries have signed a landmark 50-year land lease agreement. This agreement will facilitate the development of a state-of-the-art solar panel manufacturing plant in KEZAD Area A – Al Ma’mourah.
The AED 55 million investment will fund the construction of a facility spanning over 27,000 square meters. The plant is set to manufacture high-efficiency solar panels and integrated photovoltaic modules, catering to businesses aiming to enhance their energy efficiency and sustainability. This project marks a significant milestone in KEZAD’s commitment to fostering new-energy environments and aligns with AD Ports Group’s strategic vision to advance renewable energy and contribute to the UAE’s net-zero emissions targets.
Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, expressed enthusiasm about the project, stating, “We welcome the establishment of Abundance’s solar panel plant. The project aligns with our leadership’s vision for innovation in sustainable economic development and KEZAD Group’s goals of driving industrial development responsibly and sustainably in the emirate of Abu Dhabi.”
Sunil Madhok, Founder of Abundance Solar Panels Industries, emphasized the company’s dedication to sustainability: “Encouraged by the UAE’s leadership vision, we are setting up a fully automated plant for solar panel manufacturing to contribute to Abu Dhabi’s green future.”
The new plant will utilize cutting-edge solar technology and operate within a sustainable ecosystem, reinforcing KEZAD Group’s commitment to environmental stewardship and its role in the region’s green agenda. This initiative will not only enhance energy security but also represent a significant advancement in Abu Dhabi’s energy landscape.
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