NRF advises on world’s largest solar PV project in Abu Dhabi

Norton Rose Fulbright has advised Marubeni Corporation (Marubeni) and JinkoSolar Holding Co., Ltd (JinkoSolar) in relation to the signing of a Power Purchase Agreement (PPA) to construct, operate and maintain one of the largest and most competitive photovoltaic power plants in the world.

The project will be the largest solar PV power plant in the world to date, have a power generation capacity of 1,177 MW (DC), with one of the most competitive tariffs for energy. It will be located near the town of Sweihan, Abu Dhabi, with financial close scheduled for the spring of 2017. The project commercial operation date is expected to occur in April 2019.

Marubeni, the largest Japanese overseas power producer, and JinkoSolar, a global leader in module manufacturing, together with Abu Dhabi Water and Electricity Authority, will own the project through a special purpose company that will construct, operate and maintain the PV plant under a 25 year PPA.

The Norton Rose Fulbright team was led by partners Chris Down, Charles Whitney and Peter Hall, and included of counsel, Kate Kortenbout, senior associate Jared Franicevic and associate, Alexandra Jeffreys.