Acwa Power

Major milestone reached in Dubai concentrated solar power project

The multi-billion dirham development of the world's tallest solar power tower in Dubai is continuing to gather pace in spite of the Covid-19 pandemic. The striking 262-metre-high construction is one of the crown jewels of the Mohammed bin Rashid Al Maktoum Solar Park, which itself is central to the UAE's [...]

Progress of the Mohammed bin Rashid Al Maktoum Solar Park

Work progress in the 4th phase, which is the largest single-site project that combines Concentrated Solar Power (CSP) and photovoltaic technology using the IPP model. HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), inspected the work progress at the Mohammed bin Rashid Al [...]

Concentrated Solar Power Plant on Track for 2023 in South Africa

Awarded to ACWA Power and SolarReserve in 2015 under South Africa's REIPPP programme bid window 3.5 - which was specifically created for CSP projects - the Redstone Concentrated Solar Power Project will produce 480,000MW of clean energy annually. The project was signed in 2018 and started construction in May 2021. [...]

Concentrated solar power plant on track for 2023 commissioning in South Africa

One of the first project-financed Concentrated Solar Power (CSP) with molten salt central receiver projects in the world is on track for a late 2023 commissioning. Awarded to ACWA Power and SolarReserve in 2015 under South Africa’s REIPPP programme bid window 3.5 – which was specifically created for CSP projects [...]

New concentrated solar power plant to be built in South Africa by 2023

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 [...]

South Africa’s largest renewable energy project Redstone concentrated solar power (CSP) achieves first debt draw down

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 [...]

Dewa boosts MBR Solar Park V production capacity to 330 MW

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 [...]

Acwa to start Noor Energy 1 project operations in Dubai

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 [...]

ACWA Power Takes Next Steps for Giant Solar Park

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 [...]

Concentrated Solar Power should be considered given the need for manageable energy and storage

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 investing $50 million in the Redstone Concentrated Solar Power (CSP) project in South Africa

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 [...]

How a Bank Resurrected SolarReserve’s Redstone Concentrated Solar Power with ACWA Power

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 Set to Bid in South Africa’s Next Renewable Auction

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. [...]

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