Abundance to Build $15 Million Solar Panel Plant in Kezad

Abundance Solar Panels Industries is building a $15M solar panel plant in Kezad, Abu Dhabi, to boost UAE's renewable energy and sustainability efforts. 

Abundance Solar Panels Industries, based in the UAE, is set to build a new solar panel plant in Kezad, Abu Dhabi. The project will cost AED 55 million, or about $15 million. The plant will cover an area of 27,000 square meters.

Land Lease Agreement

Abundance has signed a 50-year land lease with Khalifa Economic Zones Abu Dhabi (KEZAD Group). KEZAD Group is the biggest operator of economic zones in Abu Dhabi. The company specialises in integrated and purpose-built areas for businesses.

The New Solar Plant in Abu Dhabi

The location of the new plant is in Kezad Area A – Al Ma'mourah. It will produce solar panels and integrated photovoltaic modules. These products will help businesses switch to more energy-efficient solar energy systems. This project is a significant milestone for Kezad, continuing its tradition of supporting new-energy innovations. It also supports AD Ports Group’s aim to boost renewable energy and help the UAE achieve net-zero emissions.

Innovations in Solar Technology

The new plant will use the latest solar panel technology. It will be part of a sustainable system that aligns with the environmental values of Kezad Group. The plant will focus on responsible environmental practices and support Abu Dhabi’s green goals.

Statements from Key Figures

Mohamed Al Khadar Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi – KEZADGroup, commented on the project. He welcomed Abundance’s solar panel plant with an optimistic perspective. This project "aligns with our leadership’s vision for innovation in sustainable economic development," he expressed. Al Ahmed also explained that the project helps Kezad Group achieve its goals. This is because it supports responsible and sustainable industrial development in Abu Dhabi.

Sunil Madhok, Founder of Abundance Solar Panels Industries, spoke about the new plant. He praised the UAE’s leadership for promoting innovation in sustainable manufacturing. So Abundance is supporting this through  setting up a fully automatic plant for making solar panels. In doing so, we "offer our humble contribution to Abu Dhabi's green future," expressed Madhok.

Impact on the UAE Solar Market

Abundance's new plant will strengthen the UAE solar market. It will create high-tech jobs and promote renewable energy. The plant will also increase solar panel production in the region. This helps meet rising energy needs and supports the UAE's environmental goals. So, the project shows the UAE’s commitment to green energy and solar innovation.

In summary, Abundance Solar Panels Industries is creating an exciting opportunity with the opening of  a new plant in Kezad. This investment boosts the UAE’s solar energy future. It supports the country’s goal to lead in renewable energy and promotes sustainability.