The launch of the world’s largest concentrated solar power (CSP) plant in Dubai has boosted the UAE’s solar energy outlook, BMI Research said on Friday. The research company said it had upgraded its forecast for the sector, expecting solar capacity to expand by an annual average of 55 per cent between 2017 [...]
The giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage, Andrea Lovato, ACWA Power's Executive Director of Business Development, told New Energy Update. ACWA Power will use learnings [...]
Dubai Electricity and Water Authority (DEWA) awarded the 700MW parabolic trough concentrated solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in a Saudi Arabia- China consortium with a record bid of $7.3 cents per KWh. The project is considered the largest concentrated solar [...]
ACWA Power awarded 700 MW CSP fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park at a levelised tariff of US $7.30 cents per kilowatt hour; a cost level that competes with fossil fuel generated electricity without subsidy for reliable and dispatchable solar energy through the night. By [...]
The UAE’s wise leadership has worked tirelessly to anticipate the future, as a fundamental element of its strategies and plans. The vision of the UAE’s leadership, led by HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime [...]
Gulf nation to invest $163 billion towards diversifying energy with plans to generate 44 percent of its power from renewables by 2050. The United Arab Emirates announced Tuesday plans to invest 600 billion dirhams ($163 billion) in projects to generate almost half the country's power needs from renewables. "Our aim [...]
Dubai Electricity and Water Authority (DEWA) received 30 Expressions of Interest (EOI) by the closing date of 27 October 2016 for the 200 megawatt Concentrated Solar Power (CSP) Plant, constituting Phase IV of the Mohammed bin Rashid Al Maktoum Solar Park. The park is part of the wise vision of [...]
The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, today announced that its researchers have successfully demonstrated that desert sand from the UAE could be used in concentrated solar power (CSP) facilities to store thermal energy up to 1000°C. The [...]
The continuing fall in development costs and government backing will make it happen.
With the ongoing economic growth of the United Arab Emirates, energy demand in the UAE continues to rise.
The new hub aims to support Abu Dhabi’s efforts to achieve its ambitions for solar energy development through solar photovoltaic, solar thermal and thermal energy storage technologies.
UAE now ranks only behind Spain and the United States in total concentrated solar power generation, India and China round out the world’s top five.
The Secretary General of the United Nations, Ban Ki-moon, visited Masdar’s Shams 1 concentrated solar power plant today – the 100-megawatt plant is largest renewable energy project in the Middle East.