L&T Awarded Preferred EPC Contract For North Site of World’s First 24/7 Solar PV And Battery Storage Project

Larsen & Toubro (L&T) has been selected by Masdar, the Abu Dhabi-based clean energy giant, as one of the preferred Engineering, Procurement, and Construction (EPC) contractors for the north side of the world’s first 24/7 solar PV and battery storage gigascale project. This ambitious initiative is being developed in collaboration with the Emirates Water and Electricity Company (EWEC) to deliver consistent renewable energy in Abu Dhabi.

A Revolutionary Renewable Energy Project

Masdar, in partnership with EWEC, announced the Giga scale project during Abu Dhabi Sustainability Week (ADSW). The project is set to feature a 5.2GW (DC) solar photovoltaic (PV) plant coupled with a 19 gigawatt-hour (GWh) Battery Energy Storage System (BESS). This groundbreaking infrastructure will ensure a steady supply of baseload power, operating 24 hours a day, seven days a week. Divided into two sites, the project’s north and south sites will each house a 2.6GW and 9.5GWh PV capacity, making it the largest combined solar and BESS project globally.

Key Partnerships to Drive Clean Energy Innovation

Masdar’s Chief Operating Officer, Abdulaziz Alobaidli, highlighted the project as a milestone in clean energy transformation, addressing the intermittency of renewables and setting a benchmark in the sector. L&T Chairman & Managing Director, SN Subrahmanyan, emphasised the UAE’s leadership in sustainable progress, while T Madhava Das, Whole-time Director and Senior Executive Vice President (Utilities) at L&T, expressed pride in advancing clean energy deployment in the region.

L&T Share Performance

As of January 27, 2025, at 2:00 PM, L&T shares are trading at ₹3,444.65 per share, down 0.38% from the previous closing price. Over the last month, the stock has fallen by 4.53%. And over the year it has fallen by 7.15%

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