Acwa Power

Morocco expects price drop for hybrid Concentrated Solar Power plant

Design innovations and a favorable development framework should see Morocco hit its lowest prices for the hybrid PV-CSP Noor Midelt project and the country is joining global support schemes to diversify its funding supply, an official at the Moroccan Agency for Sustainable Energy (Masen), said. ACWA Power's Noor III CSP [...]

NOORo 580MW CSP+PV concentrated solar power complex: Site visit open

Morocco NOOR Ouarzazate (NOORo) Solar complex is comprised of three concentrated solar power plants 160MW parabolic trough NOORo1, 200MW power tower NOORo2 and 150MW parabolic trough NOORo3, and one PV plant 70MW NOORo4.Once fully completed in October this year, it will be world largest solar power and CSP project complex. [...]

Abengoa selected as the technological partner in the construction of the world’s largest Concentrated Solar Power complex in Dubai

The project is a part of Phase 4 of the Mohammed bin Rashid Al Maktoum Solar Park, which is developed by the Dubai Electricity and Water Authority (DEWA) in cooperation with the Arabian Company for Water and Power Project (ACWA Power). The company has been selected by Shanghai Electric [...]

China-backed $4bn Concentrated Solar Power project set for financial close by August

Developer ACWA Power has now signed key PPA and EPC agreements for the 700 MW plant in Dubai while Chinese partner Shanghai Electric has started optimization activities along the supply chain, project partners told the MENA New Energy 2018 conference. Last month, Saudi Arabia’s ACWA Power signed an Engineering, [...]

DEWA to tender 300-MW concentrated solar power (CSP) by the start of 2019

Dubai Electricity and Water Authority will tender a 300 megawatt concentrated solar power (CSP) plant for the Mohammed bin Rashid Al Maktoum Solar Park before the first quarter of 2019 as the UAE looks to meet 7 per cent of its power needs from the sun by 2020, [...]

Dubai pushes concentrated solar power cost to world’s lowest

In terms of per-unit cost, the new CSP project, valued at Dh14.2 billion, has achieved the world’s lowest Levelised Cost of Electricity (LCOE) of 7.3 US cents per kilowatt hour (kW/h), according to Dewa. The CSP project is expected to provide clean energy to over 270,000 homes in Dubai, estimated [...]

Morocco to start full operation of largest concentrated solar power complex in October

Morocco will fully switch on the Noor Ouarzazate complex, the world's largest solar power plant, in October, said the Moroccan Agency for Sustainable Energy. After launching its first stage in February 2016, the remaining three phases of the complex will become operational by October, said Mustapha Bakkoury, managing director of [...]

ICBC leads US$1.5 billion loan for Dubai concentrated solar power project

Industrial and Commercial Bank of China (ICBC) has been mandated as lead arranger for a US$1.5 billion senior loan to help finance the fourth phase of the Mohamed bin Rashid Solar Park in Dubai. ICBC will be joined on the syndicate by Bank of China and Agricultural Bank of China. [...]

South Africa’s Redstone Concentrated Solar Power project gets power purchase agreement

The South African government has finally signed a power purchase agreement (PPA) for SolarReserve and ACWA Power’s 100 MW Redstone CSP project, ending more than two years of delays. South African energy minister Jeff Radebe confirmed the news on Twitter. He announced that the South African government had signed [...]

Saeed Mohammed Al Tayer witnesses signing of EPC Contract for 4th phase of Mohammed bin Rashid Al Maktoum Concentrated Solar Power

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), witnessed the signing of the Engineering, Procurement, and Construction (EPC) contract for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest Concentrated Solar Power (CSP) investment project in the [...]

Shanghai Electric analyzes Dubai 700MW concentrated solar power project

Shanghai Electric Group signed an engineering procurement construction contract on Friday to build the world's largest concentrated solar power project in Dubai, marking the State-owned company's ambition to grow into a world leading brand. The 700 megawatt CSP project is the fourth phase of the Mohammed bin Rashid Al [...]

Dubai breaks ground on world’s biggest Concentrated Solar Power project

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has broken ground in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the biggest Concentrated Solar Power (CSP) investment project in the world. Based on [...]

A new concentrated solar power tower in the Northern Cape will be the second tallest building in SA

As part of the South African Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), a consortium led by SolarReserve and International Company for Power and Water (ACWA Power) have signed a 20-year power purchase agreement with Eskom, South Africa’s public electric utility company, for the Redstone [...]