Acwa Power

Bokpoort Concentrated Solar Power project achieves 21.7 GWh production record in winter

The South African-based Bokpoort Concentrated Solar Power project, now in its fifth year of production, celebrated yet another huge production record. The 50MW Concentrated Solar Thermal Power (CSP) Parabolic Trough Power Plant with 9.3-hour storage set a new winter production record in August 2020. Bokpoort CSP CEO, Christo Spammer, shared [...]

ACWA Power participates in leading Concentrated Solar Power industry event

Headquartered in Saudi Arabia, ACWA Power is a developer, investor and operator of a portfolio of power generation and desalinated water production plants with a presence in 11 countries in the Middle East and North Africa, Southern Africa and South-East Asia regions. In recent years, ACWA Power has actively been [...]

ACWA Power closes financing of 900 MW fifth phase of solar power project in Dubai

ACWA Power has announced financial close for the 900 MW fifth phase of the giant Mohammed bin Rashid Al Maktoum Solar Park in Dubai, and revealed the bevy of international lenders that will be behind the $564 million facility. ACWA on Thursday announced Abu Dhabi Islamic Bank would be [...]

Shanghai Electric Wins Contract for Fifth Phase of Dubai Solar Park

ACWA Power of Saudi Arabia has appointed Shanghai Electric Group as the engineering, construction and procurement (EPC) contractor to deliver the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai with capacity of 900 MW. The Solar Park project is the largest single-site solar power [...]

Shanghai Electric wins EPC contract for 5th phase project of Dubai solar park

Firms set to build on 4th phase success with the installation of 900MW of photovoltaic and concentrated solar power at the site. Shanghai Electric Group has been appointed as the engineering, construction and procurement (EPC) contractor for the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park [...]

Acwa Power and Silk Road Fund announce the completion of partnership over Acwa Power renewable energy holding ltd

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 [...]

World’s tallest Concentrated Solar Power tower completed in Dubai

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 [...]

Fourth phase of Mohammed bin Rashid Al Maktoum Solar Park is first CBI certified Renewable Energy Project financing in GCC

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 [...]

ACWA Power to support CSP Focus Innovation 2019 Oct.24-25 China

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 acquires 49% of ACWA Power Renewable Energy

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 [...]

China To Dominate Concentrated Solar Power Revival in Long Term

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 [...]

Belt and Road Initiative (BRI) fund acquires 49% of ACWA Power-promted, ACWA Power RenewCo

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 [...]

Morocco’s Ourazazate Noor III Concentrated Solar Power Tower Exceeds Performance Targets

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 [...]