Dubai

Mohammed bin Rashid Al Maktoum Solar Park adds 250MW to its 4th phase to reach 950MW

The solar energy project will use three technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a concentrated solar power tower and 250MW from photovoltaic panels. Dubai Electricity and Water Authority (DEWA) has signed an amendment to the Power Purchase Agreement (PPA) with the consortium led [...]

Phase 4 of Dubai’s MBR Concentrated Solar Power Park 700MW registers progress

Phase 4 of the project marks the world's largest investment in a concentrated solar power (CSP) plant, and Dewa's Saeed Mohammed Al Tayer recently toured the project site. The Concentrated Solar Power (CSP) park is being built in Dubai. It is the fourth phase of the Mohammed Bin Rashid [...]

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, [...]

DEWA Seeking IPP Advisory Services For 5th Phase Of MBR Concentrated Solar Power Park

The Dubai Water and Electricity Authority (DEWA) has issued a tender to seek IPP advisory services for the fifth phase of the Mohammed Bin Rashid Al Maktoum Solar Park. The initial steps towards the execution of phase 5 of the Mohammed Bin Rashid Al Maktoum (MBR) solar park has been [...]

NDRC approves Silk Road Fund’s investment proposal for Dubai 700MW Concentrated Solar Power plant

On May 17th, the National Development and Reform Commission(NDRC) approved Silk Road Fund’s filing for the investment in Dubai 700MW CSP plant , which is an important stage in the early procedure of Silk Road Fund’s investment in this project. On March 20th, CSPPLAZA exclusively reported that Silk Road Fund [...]

Abengoa Dubai Concentrated Solar Power contract valued at $650mn

Abengoa's contract to supply three 200 MW parabolic trough plants to the 700 MW DEWA CSP project in Dubai is valued at approximately $650 million, the Spanish company said in a statement May 9. Last month, Saudi Arabia’s ACWA Power signed an Engineering, Procurement, and Construction (EPC) contract with [...]

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 [...]

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. [...]

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 [...]