Acwa Power

Acwa Power sees Dubai Concentrated Solar Power financial closure in early 2018

Acwa Power will reach financial closure on the world’s largest single-site concentrated solar power (CSP) project, currently underway in Dubai, by the first quarter of 2018, its chief executive said on Monday. "We're very confident of achieving financial closure on target for the Dubai plant in the first quarter; [...]

Bokpoort breaks a Concentrated Solar Power record

South Africa’s Bokpoort CSP celebrates another Production Milestone as the Global Concentrated Solar Power (CSP) Drive Intensifies. The CEO for Bokpoort CSP, Mr Ryno Lacock was proud to announce that on the 27th November 2017, the plant clocked production of 1009.31 MWh in a single day. This is the highest [...]

All MENA Concentrated Solar Power Now 7 Cents or Under

ACWA Power’s latest record-low contract signed with DEWA at just over 7 cents per kWh is no outlier, according to CEO Paddy Padmanathan. CSP is a thermal form of solar that typically includes thermal storage in a power block so that it can generate power at any time, not [...]

ACWA Power scales up tower-trough design to set record-low Concentrated Solar Power price

The giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage, Andrea Lovato, ACWA Power's Executive Director of Business Development, told New Energy Update. On September 16, the [...]

The largest stake holder in the largest concentrated solar power plant in Africa called Ouarzazate NOOR

Morocco has a goal to achieve forty two percent of renewable energy target for 2020. And with the current power plants that are operating and some under development cum construction; Morocco is already heading towards the next target for 2030. One of the firms; active in the renewable energy drive [...]

Harnessing the Concentrated Solar Power (CSP)

Congratulations to the UAE and Dubai for a great leap forward to provide clean solar energy for development and save hydrocarbon resources for exports. Dubai in a couple of years will not only have the next tallest building in the world but also the world’s largest concentrated solar power [...]

UAE’s push on concentrated solar power should open eyes across world

The UAE is getting used to setting solar energy records. Dubai’s latest project, awarded last Saturday, follows this pattern. But, as a leap forward in a different type of solar power plant, it has important implications for renewable energy across the region. A joint venture of Saudi Arabia’s Acwa, already [...]

Solar energy to contribute 8% of UAE electric power by 2026

The UAE’s solar energy sector is witnessing steady growth and is expected to account for almost 8 percent of total power capacity by 2026, according to new research. On September 16, Dubai Electricity and Water Authority (DEWA) announced it had awarded the development of 700MW (megawatt) of concentrated solar power [...]

ACWA Power scales up tower-trough design to set record-low Concentrated Solar Power price

The giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage, Andrea Lovato, ACWA Power's Executive Director of Business Development, told New Energy Update. ACWA Power will use learnings [...]

700 MW concentrated solar power plant in Dubai hits a new record bid with $7.3 cents per KWh

Dubai Electricity and Water Authority (DEWA) awarded the 700MW parabolic trough concentrated solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in a Saudi Arabia- China consortium with a record bid of $7.3 cents per KWh. The project is considered the largest concentrated solar [...]

ABB congratulates Dubai on world’s largest concentrated solar power (CSP) project

Dubai is making the right noises when it comes to Solar Power. The land of abundant sunshine is also located shoulder to shoulder with Abu Dhabi, the world’s second-largest producer of oil. However, the United Arab Emirates – the GCC country of which Dubai and Abu Dhabi are a [...]

Dubai to get Concentrated Solar Power Day and Night without subsidy at Lower Cost

ACWA Power awarded 700 MW CSP fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park  at a levelised tariff of US $7.30 cents per kilowatt hour; a cost level that competes with fossil fuel generated electricity without subsidy for reliable and dispatchable solar energy through the night. By [...]

DEWA Awards AED14.2 Billion Concentrated Solar Power Project With a Record Bid of USD 7.3 Cents Per kW/h to Generate 700MW

Dubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model. [...]