Head-quartered in Saudi Arabia, ACWA Power is a world leading power and water developer, and renewable energy has been a crucial part of its strategy. In solar power domain, ACWA is well-known for developing PV projects like Shuaa Energy 1 in UAE and Noor PV, and CSP projects including NOOR [...]
The Dubai Electricity and Water Authority (DEWA) announced on 4 June the prices offered from four consortia for the 200-MW fourth phase of the Mohammed bin Rashid Al Maktoum solar park. The lowest bid for the Solar Thermal Electricity (STE) project came in at 9.45 US cents/kWh (approx. 8.4 [...]
ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic oil use. Riyadh-based ACWA received a request for proposals last week from Saudi Arabia’s energy ministry to develop the 300-megawatt solar project in Sakaka, Rajit Nanda, [...]
Kathu plant construction activity is set to peak this year and the Engie-led developer group is integrating new work contracts and training schemes following unexpected demands from local business groups, Cedric Faye, CEO of Kathu Solar Park at Engie, said. The Engie consortium began construction of the 100 MW Kathu [...]
Morocco has switched on what will be the world's largest concentrated solar power plant. The new site near the city of Ouarzazate -- famous as a filming location for Hollywood blockbusters like "Lawrence of Arabia" and "Gladiator" -- could produce enough energy to power over one million homes by [...]
With its global aggressive push in the renewable energy sector, Saudi Arabia-based company ACWA Power has launched a separate company to take control of its clean energy assets. ACWA Power RenewCo will absorb around 1 gigawatt (GW) of operational renewable energy assets. The company stated that all these projects have [...]
Morocco launches the first phase of the largest concentrated solar power (CSP) plant in the world. When fully operational, the plant will produce enough energy for more than one million Moroccan households. Inaugurated officially today by His Majesty Mohammed VI of Morocco, the solar plant underlines the country’s determination to [...]
Designed as part of the Moroccan Solar Plan, the Ouarzazate solar power complex is continuously expanding. Its Phase III is now under way, with commissioning due end 2017. Pillars awaiting their reflectors, others already complete, a central tower… all signs that the Noor III plant is taking shape at Ouarzazate, [...]
IFC, a member of the World Bank Group, has agreed to a $20 million equity investment in ACWA Power Ouarzazate, which has developed the 160 MW NOORo 1 concentrated solar power (“CSP”) parabolic trough plant with three-hour storage near Ouarzazate, Morocco. IFC’s investment will help support the development of Morocco’s [...]
Morocco plans to launch tenders for the construction of two solar plants with a combined capacity of up to 800 megawatts (MW) by the start of 2017, the Moroccan Agency for Solar Energy (Masen) said. The agency invited pre-qualification bids from investors last month for the construction and operation of [...]
NOORo I, NOORo II and NOORo III, three solar thermoelectric power plants belonging to the largest solar complex on the planet, located in Ouarzazate (Morocco), are turnkey developments of the SENER engineering and technology group, in which the latter provides its own technology. These facilities are expected to attract the [...]
ACWA Power has set up a new business that will house its existing renewable energy portfolio and drive the firm's expansion in emerging market renewables, the company said on Wednesday. Chris Ehlers, currently chief operating officer of renewables at ACWA Power, has been appointed chief executive officer of the new [...]
Climate Action spoke with Paddy Padmanthan, President and CEO of ACWA Power - a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants. Firstly, could you please introduce who ACWA Power are and what you do? ACWA Power is a developer, investor, [...]
