Silk Road Fund

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 [...]

Acwa Power and Silk Road Fund announce the completion of partnership over Acwa Power renewable energy holding ltd

ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants recently announced the completion of the transaction to introduce Silk Road Fund as a partner and a 49% shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo). ACWA Power RenewCo is ACWA [...]

Fourth phase of Mohammed bin Rashid Al Maktoum Solar Park is first CBI certified Renewable Energy Project financing in GCC

CBI is a reputable international non-profit organization solely working towards mobilizing and facilitating climate change solutions through the $100 trillion bond market and "green loan" issuances. The fourth phase of Mohammed bin Rashid Al Maktoum (MBR) Solar Park – Noor Energy 1 – has become the first project in the [...]

China’s Silk Road Fund acquires 49% of ACWA Power Renewable Energy

China's Silk Road Fund has purchased a 49% stake in ACWA Power Renewable Energy (ACWA Power RenewCo), the Saudi Arabian group announced June 23. ACWA Power is a leading solar and wind developer in the Middle East and North Africa (MENA) and the dominant developer of CSP plants in [...]

Belt and Road Initiative (BRI) fund acquires 49% of ACWA Power-promted, ACWA Power RenewCo

Beijing-headquartered Silk Road Fund, a state-owned investment and development fund established under the framework of Belt and Road Initiative (BRI), has acquired a 49 percent stake in a renewable energy holding company promoted by ACWA Power, the Saudi Arabia-based developer, owner, and operator of water and power plants, it [...]

Siemens provides four steam turbines to Concentrated Solar Power plant in Dubai

Four steam turbines will help generate 700 megawatts of clean electricity. High-efficiency and rapid-start turbines support CSP (Concentrated Solar Power) operations. As part of its ongoing support to the Dubai Clean Energy Strategy 2050 and its role as a premier partner to Expo 2020 Dubai, Siemens will provide four steam [...]

Dubai makes progress in Concentrated Solar Power

Dubai Electricity and Water Authority (DEWA) has been showcasing the construction progress of its first Concentrated Solar Power tower. The 100MW project will use Concentrated Solar Power (CSP) to heat molten salt at the top of the 260-meter tower. The residual heat of the salt will be capable of [...]

Construction progresses on final phase of Dubai concentrated solar power park

Dubai Electricity and Water Authority announces completion of 128 pillars of the Mohammed bin Rashid Al Maktoum Concentrated Solar Power Park's solar tower. The fourth phase of the park is the largest single-site investment project in concentrated solar power (CSP) in the world based on the independent power producer [...]

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