Shanghai Electric

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 [...]

ABB congratulates Dubai on world’s largest concentrated solar power (CSP) project

Dubai is making the right noises when it comes to Solar Power. The land of abundant sunshine is also located shoulder to shoulder with Abu Dhabi, the world’s second-largest producer of oil. However, the United Arab Emirates – the GCC country of which Dubai and Abu Dhabi are a [...]

DEWA Awards AED14.2 Billion Concentrated Solar Power Project With a Record Bid of USD 7.3 Cents Per kW/h to Generate 700MW

Dubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model. [...]

Record-Breaking Cost Reduction for Concentrated Solar Power Generation

The Dubai Electricity and Water Authority (DEWA) announced on 4 June the prices offered from four consortia for the 200-MW fourth phase of the Mohammed bin Rashid Al Maktoum solar park. The lowest bid for the Solar Thermal Electricity (STE) project came in at 9.45 US cents/kWh (approx. 8.4 [...]

Ivanpah Concentrated Solar Power (CSP) officials defend project in wake of bird deaths

Ivanpah Solar Electric Generating System, currently the world’s largest Concentrated Solar Power (CSP) plant, is located in the California Mojave Desert, southwest of Las Vegas.