ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants recently announced the completion of the transaction to introduce Silk Road Fund as a partner and a 49% shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo). ACWA Power RenewCo is ACWA [...]
Shanghai Electric completes Noor Energy 1 Concentrated Solar Power tower in Dubai. Construction partners on the 950 MW Noor Energy 1 Concentrating Solar Power- Photovoltaic project in Dubai completed the 260-meter high receiver tower on January 9, Shanghai Electric, lead EPC contractor, said in a statement. The $4.4 billion [...]
CBI is a reputable international non-profit organization solely working towards mobilizing and facilitating climate change solutions through the $100 trillion bond market and "green loan" issuances. The fourth phase of Mohammed bin Rashid Al Maktoum (MBR) Solar Park – Noor Energy 1 – has become the first project in the [...]
In recent years, ACWA Power has been active in participating PV, wind and Concentrated Solar Power projects. Record performance in installed capacity and bidding price make ACWA Power well-known to all solar industry player. The Concentrated Solar Power projects ACWA Power gets involved include: Dubai Noor Energy 1 Solar Project [...]
China's Silk Road Fund has purchased a 49% stake in ACWA Power Renewable Energy (ACWA Power RenewCo), the Saudi Arabian group announced June 23. ACWA Power is a leading solar and wind developer in the Middle East and North Africa (MENA) and the dominant developer of CSP plants in [...]
Concentrated Solar Power is the technology which uses mirrors to concentrate the sun’s energy to drive traditional steam turbines or engines that create electricity. The thermal energy concentrated in a CSP plant can be stored and used to produce electricity when it is needed, day or night. Concentrated solar [...]
Beijing-headquartered Silk Road Fund, a state-owned investment and development fund established under the framework of Belt and Road Initiative (BRI), has acquired a 49 percent stake in a renewable energy holding company promoted by ACWA Power, the Saudi Arabia-based developer, owner, and operator of water and power plants, it [...]
The 150 MW Noor III Concentrated Solar Power tower in Morocco has exceeded performance targets on output and storage integration in the first few months of operation and financing costs for tower storage projects should fall in line with parabolic trough rates going forward, Xavier Lara, Senior Consultant at CSP [...]
ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants has signed strategic agreements with three renowned Chinese entities on the sidelines of the second Belt and Road Forum for International Cooperation (BRF). The agreements with PowerChina, China Gezhouba Group Company (CGGC) and Bank of [...]
Under the Arabian sun, a monumental construction effort is making headway. Located deep within Dubai’s desert interior, the Mohammed Bin Rashid Al Maktoum Solar Park – named after the emirate’s ruler and the UAE’s vice president and prime minister – continues to grow and has just passed another milestone. In [...]
Dubai 950MW Concentrated Solar Power -PV project NOOR Energy 1, the super solar power complex is the 4th phase of Dubai Mohammed bin Rashid Al Maktoum Solar Park. September 2017 witnessed the winning of consortium of ACWA Power and Shang Electric to execute the project. Up to date, the project [...]
Supplier innovations at the 950 MW Noor Energy 1 Concentrated Solar Power project will increase construction and operations efficiency and propel the CSP industry closer to $50/MWh, industry experts told the Mena New Energy 2019 conference. Last month, the Dubai Electricity Water Authority (DEWA), Saudi Arabia's ACWA Power and China's [...]
Saudi Arabia is embracing a new, more efficient way to harness solar power for electricity, inspired by its role as the main developer in one of the world’s largest renewable energy projects, the Mohammed bin Rashid Al-Maktoum Solar Park in Dubai. Concentrated solar power (CSP), which makes up a [...]
