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; [...]

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 [...]

UAE’s solar outlook following Dubai’s Concentrated Solar Power tender

The launch of the world’s largest concentrated solar power (CSP) plant in Dubai has boosted the UAE’s solar energy outlook, BMI Research said on Friday. The research company said it had upgraded its forecast for the sector, expecting solar capacity to expand by an annual average of 55 per cent between 2017 [...]

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 [...]

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 [...]

MENA/Chile: Concentrated Solar Power Benchmark Costs

A tender for 94.5 USD/MWhel in Dubai and an R&D initiative called SunShot in the United States have shown how the cost of concentrated solar power (CSP) could be lowered at a steady pace thanks to economies of scale and optimised manufacturing and operation. Though the solar power market [...]

DEWA first in region to receive International Renewable Energy Certificates

Dubai Electricity and Water Authority's, DEWA, 13MW first phase of the Mohammed bin Rashid Al Maktoum Solar Park has received the International Renewable Energy Certificates, I-REC issued in 2017, making it the first organisation in the Arabian Gulf to adopt the I-REC system. The move supports DEWA’s commitment to [...]

2017-08-02T04:24:56+00:00 02-08-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , , |

Dubai Concentrated Solar Power developers urged to apply Shams 1 desert findings

The Dubai Electricity and Water Authority (DEWA) is to select the developer for a 200 MW CSP tower plant later this year after receiving bids from four international consortia. The minimum bid price was $94.50/MWh, according to local media reports. As the first CSP tower project in the United Arab [...]

2017-07-17T05:56:53+00:00 17-07-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , , |

Role of concentrated solar power and DSM in sustainable energy future of Dubai

Well known with its Sheikh Mohammed bin Rashid Al Maktoum (MBR) Solar Park, United Arab Emirates (UAE) has been focusing on renewable energy development, and Dubai has been at the forefront in adopting international green-economy strategies and creating an ideal market for solar energy. Relevant free Report: UAE CSP Market [...]

2017-07-12T17:50:03+00:00 11-07-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , , |