The UAE-based Abundance Solar Panels Industries and KEZAD Group have signed a 50-year land lease agreement to establish an AED 55 million ($14.97 million) solar power plant in KEZAD.
The solar power plant, sprawling over 27,000 square meters, will manufacture solar panels and integrated photovoltaic modules for businesses across industries looking to move to energy-efficient ecosystems.
The plant marks another milestone in the history of KEZAD Group, a subsidiary of AD Ports, highlighting AD Ports Group’s strategic vision to promote the transition to renewable energy and to accelerate the pace towards the UAE net zero strategy.
Mohamed Al Khadar Al Ahmed, CEO of KEZAD Group, commented that, “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.”
The plant will leverage the latest innovative technology in solar panel and operate within a sustainable ecosystem, emphasizing the environmental responsibility and stewardship that KEZAD Group stands for. This initiative emphasizes KEZAD’s group commitment to shaping the future of energy in Abu Dhabi.
Sunil Madhok, Founder of Abundance Solar Panels Industries, stated that, “Encouraged by the vision of UAE’s leadership to drive innovation and excellence in sustainable manufacturing, we are setting up a fully automatic plant for solar panels manufacturing to offer our humble contribution to Abu Dhabi’s green future.”
