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Last month, Saudi Arabia’s ACWA Power and the Dubai Electricity and Water Authority (DEWA) agreed to add 250 MW of PV capacity to the 700 MW Noor Energy 1 CSP project, previously known as DEWA CSP. Developed by ACWA Power, the giant $4.4 billion project sets new records on scale and cost efficiency. The project …
Continue reading “World’s largest CSP plant ties tariffs to big storage to hit record price”
ACWA Power’s Noor Energy 1 CSP-PV project in Dubai combines optimized 15-hour CSP storage with demand-focused tariffs and supply chain efficiency to hit the record-low price of $73/MWh, project partners told the CSP Madrid 2018 conference. Last month, Saudi Arabia’s ACWA Power and the Dubai Electricity and Water Authority (DEWA) agreed to add 250 MW …
ContourGlobal sells 49% stake in 250 MW Spanish CSP capacity ContourGlobal has agreed to sell 49% of 250 MW of Spanish CSP assets to a fund advised by Credit Suisse Energy Infrastructure Partners (CSEIP), ContourGlobal announced December 6. ContourGlobal purchased the five 50 MW assets from Spain’s Acciona earlier this year. The plants are situated …