Acwa Power

China billions of Concentrated Solar Power market is open for global CSP players

In the past year of 2018, China completed a total capacity of 215 MW concentrated solar power (CSP) projects, almost 7 times of the 30 MW capacity made before 2018. China has become the No.5 country owning the biggest CSP capacity, and the most popular emerging CSP market with Morocco [...]

ACWA Power-led consortium to raise over $2bln for Dubai concentrated solar power project

ACWA Power leads a consortium which over the next few weeks is expected to conclude financing of more than $2 billion for a 950 megawatt (MW) concentrated solar power project in Dubai. The loan, provided by a group of mostly international banks, will back the development of Noor Energy 1, [...]

Siemens provides four steam turbines to Concentrated Solar Power plant in Dubai

Four steam turbines will help generate 700 megawatts of clean electricity. High-efficiency and rapid-start turbines support CSP (Concentrated Solar Power) operations. As part of its ongoing support to the Dubai Clean Energy Strategy 2050 and its role as a premier partner to Expo 2020 Dubai, Siemens will provide four steam [...]

Dubai makes progress in Concentrated Solar Power

Dubai Electricity and Water Authority (DEWA) has been showcasing the construction progress of its first Concentrated Solar Power tower. The 100MW project will use Concentrated Solar Power (CSP) to heat molten salt at the top of the 260-meter tower. The residual heat of the salt will be capable of [...]

Construction progresses on final phase of Dubai concentrated solar power park

Dubai Electricity and Water Authority announces completion of 128 pillars of the Mohammed bin Rashid Al Maktoum Concentrated Solar Power Park's solar tower. The fourth phase of the park is the largest single-site investment project in concentrated solar power (CSP) in the world based on the independent power producer [...]

World’s largest Concentrated Solar Power plant ties tariffs to big storage to hit record price

ACWA Power's Noor Energy 1 CSP-PV project in Dubai combines optimized 15-hour CSP storage with demand-focused tariffs and supply chain efficiency to hit the record-low price of $73/MWh, project partners told the CSP Madrid 2018 conference. Last month, Saudi Arabia's ACWA Power and the Dubai Electricity and Water Authority [...]

AfDB approves $221m loan for 100 MW Redstone Concentrated Solar Power project in South Africa

The African Development Bank (AfDB) has approved a senior loan of ZAR3bn ($221m) to the 100MW Redstone Concentrated Solar Power (CSP) Project, which is expected to improve South Africa’s energy mix and accelerate the transition to renewable energy. The solar power project, located in the Humansrus Solar Park, Northern [...]

A CMI Solar Receiver Will Equip the World’s Tallest Concentrated Solar Power Tower in Dubai

After its commercial success in China for the design and supply of a thermal solar receiver at Haixi, CMI has just been awarded a new contract for engineering and supplying a receiver for the Mohammed bin Rashid al Maktoum solar park (Dubai). This huge concentrated solar power (CSP) project [...]

Morocco hybrid Concentrated Solar Power – PV project seen as ‘game changer’ for costs

Technology coupling gains and a favorable development framework could see prices for Morocco’s pioneering Noor Midelt hybrid projects trend towards the lowest global CSP tariffs, experts told the CSP Madrid 2018 conference. Now entering the final stages of tendering, Morocco's Noor Midelt hybrid CSP-PV project is expected to set a [...]

Abengoa will collaborate with Acwa and the Chinese SEC and ICBC in concentrated solar power projects

Abengoa has signed a cooperation agreement with the Saudi energy company Acwa Power, the Commercial and Industrial Bank of China (ICBC) and Shanghai Electric (SEC), with which it has already carried out the execution of a solar field in Dubai, for collaborate in future energy projects. The declaration of [...]

Noor Ouarzazate III central receiver concentrated solar power plant with storage completes its reliability test

The consortium formed by SENER and SEPCO III has completed the reliability test for the 150-MW Noor Ouarzazate III concentrated solar power plant. It is one more step in the start-up of the facility, which is nearing commercial operation and final delivery to the client. With this reliability test, [...]

Mohammed bin Rashid Al Maktoum Solar Park adds 250MW to its 4th phase to reach 950MW

The solar energy project will use three technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a concentrated solar power tower and 250MW from photovoltaic panels. Dubai Electricity and Water Authority (DEWA) has signed an amendment to the Power Purchase Agreement (PPA) with the consortium led [...]

$658m deal signed to 100 MW Redstone concentrated solar power (CSP) plant in South Africa

Saudi company ACWA Power, which operates in the fields of power generation and desalination in more than 10 countries, has announced plans to invest $658 million in South Africa. An announcement on Friday said this will help to boost trade and investment links between Saudi Arabia and the African [...]