Northern Cape premier Zamani Saul says work is progressing at the Redstone Concentrated Solar Power Project in Postmasburg, which is expected to bring additional power to the country’s energy network. In his state of the province address on Thursday (24 February), Saul said the project is one of the largest [...]
Commercial operation scheduled to start in Q4 2023; The African Development Bank (www.AfDB.org) acted as the Mandated Lead Arranger and Coordinating Bank, committing ZAR 2.306 billion to the transaction; The ZAR 11.6 billion Redstone concentrated solar power (CSP) project will provide power to 200,000 households upon completion. South African Redstone [...]
Dubai Electricity and Water Authority (Dewa) has announced that it has raised the production capacity of the first project of Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar) Park Phase V from 300 megawatts (MW) to 330MW. This results from using the latest solar photovoltaic bifacial technologies with Single [...]
Saudi-based Acwa Power, a leader in power generation and water desalination plants, has announced plans to begin the first phase of Noor Energy 1 project, located in Dubai with a total capacity of 217 MW. In a filing to Saudi bourse Tadawul, Acwa Power, said it had obtained the commercial [...]
The company announced the inauguration of the 300-MW first stage of the 900-MW Shuaa Energy 3 PSC, which is the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. Once fully operational, the park will be the largest single-site solar park in the world based on [...]
Mr. José Barragán is the Vice President of Renewables Technical Services at ACWA Power. Founded in 2004 in Saudi Arabia, ACWA Power is a developer, investor, and operator of power generation and desalinated water production plants and is currently present in 13 countries in the Middle East, Africa, Central [...]
CDC Group is coming to South Africa to announce a direct investment in a sustainable development project. The British government’s financial institution is providing $50 million for the construction of the Redstone Concentrated Solar Power (CSP) plant. The project is being developed by Saudi Arabian company Acwa Power. The independent [...]
SolarPACES interviewed Bernard Geldenhuys, the Senior Transactor in the Power and Infrastructure team at Investec Bank, a lender with 8,300 employees that has been closely involved in the 100 MW Redstone solar power tower since 2018, when its delayed PPA was signed with Eskom, as the first commercial bank to [...]
ACWA Power plans to bid in South Africa’s next green electricity auction. Interest from the Saudi-based company, which has made South Africa’s largest renewable energy investment, in the fifth bid window is a positive sign for the nation that’s had lengthy delays in a process to procure green power generation. [...]
ACWA Power has led South Africa’s largest renewable energy project Redstone CSP to financial close The ZAR 11.6 billion Redstone concentrated solar power plant will power 200,000 households upon completion Redstone CSP Closes Financing May 2021 – ACWA Power Commercial operation scheduled to start in Q4 2023 ACWA Power, a [...]
A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. ACWA Power is the main developer on the Mohammed bin Rashid Al-Maktoum Solar Park. Saudi Arabia is embracing a new, more efficient way to harness solar power for electricity, inspired by [...]
The Dubai Electricity and Water Authority (DEWA) has announced the winning tender for the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site concentrated solar power project in the world. DEWA awarded the tender to a consortium of Saudi Arabia’s ACWA Power and China’s Shanghai [...]
The ACWA Power Solafrica Bokpoort Concentrated Solar Power (CSP) plant, one of the major drivers of renewable energy in South Africa, has achieved another significant first, having announced the largest infrastructure refinancing initiative to be implemented in the country. Project financiers, led by Investec Bank, have concluded the first refinancing [...]
