Acwa Power

Advisian appointed owner’s engineer on 700 MW concentrated solar project

Advisian has won the role of Owner’s Engineer for a 700-MW concentrated solar power (CSP) portion of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The company, which is a consultancy owned by Australian professional services provider WorleyParsons Ltd (ASX:WOR), won the contract from Noor Energy 1, [...]

ACWA Power Inks Deal To 100 MW Concentrated Solar Power Plant In South Africa

ACWA Power signed an agreement with Central Energy Fund of South Africa to develop a 100MW Redstone concentrated solar power (CSP) plant in the country’s Northern Cape Province. The 100MW power project, which is set to start construction this year, will supply power to 210,000 South African homes even during [...]

ACWA Power Prepares to Run 2 Concentrated Solar Power Plants in Moroccan Ouarzazate

ACWA Power Group is putting the finishing touches on the second and fourth stations of the giant Noor Ouarzazate Solar Power Complex before they are officially run in the coming days. When these two plants become officially operational, ACWA Power will have completed 74 percent of the world's largest [...]

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 [...]