Khalifa Economic Zones Abu Dhabi – KEZAD Group, has announced the signing of a 50-year land lease agreement with Abundance Solar Panels Industries for the establishment of a sophisticated solar panel plant in KEZAD Area A – Al Ma’mourah.
To be developed with AED 55 million ($14.9 million) in investment, the plant, spanning over 27,000 square metres, will manufacture solar panels and integrated photovoltaic modules for businesses across industries looking to move to energy-efficient ecosystems.
The proposed plant will leverage the latest innovations in solar panel technology and operate within a sustainable ecosystem, promoting environmental responsibility and stewardship that KEZAD Group stands for.
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 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.”
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Sunil Madhok, Founder of Abundance Solar Panels Industries said: “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.”
Earlier this year, KEZAD Group is developing new warehouse capacity of more than 250,000 square metres.
