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60MWp solar PV plant will be built and operated by Emerge, a JV between Masdar and EDF
Sharjah National Oil Corporation (SNOC), oil and gas industry executive arm of the emirate of Sharjah in the UAE, announced on Monday that it broke ground on the emirates largest solar power plant.
The 60MWp ground-mounted solar photo-voltaic ( PV) plant, located at SNOCs Sajaa Gas Complex, will be developed and operated by Emerge, a joint venture between Masdar and the EDF Group, for 25 years under a Build-Own-Operate-Transfer (BOOT) agreement, SNOC said in a press statement.
The plant is expected to offset 66,000 tonnes CO2 emissions annually, equivalent to taking over 14,600 cars off the road each year.
SNOC Chief Executive Officer, Hatem Al Mosa, said: “SNOC is happy to witness this significant milestone on its path to achieve Net-Zero by 2032 across its own operations and to support the Emirate of Sharjah’s sustainability agenda and commitment to protecting the environment."
Michel Abi Saab, Emerge General Manager, added: “Our turnkey solutions offer businesses like SNOC the ability to transition towards a sustainable future without upfront costs. This project will empower SNOC to achieve its decarbonization goals, and also to secure a more cost-effective energy future for the Emirate as a whole. We look forward to its successful completion.” |
