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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 transaction for Bokpoort CSP, in …
One of the world’s biggest solar parks in Dubai has hired Azelio AB to turn desert heat into electricity after sundown. Azelio’s technology is being used on Phase 4, a project jointly owned by Dubai Electricity & Water Authority, Saudi Arabia’s Acwa Power and Chinese state-owned Silk Road Fund. The Swedish company will provide energy …
Continue reading “Desert Heat Will Help Keep Lights On in Dubai After Sundown”
The Public Investment Fund (“PIF”) today announced that it has increased its ownership stake in ACWA Power from 33.36% to 50%. The investment comes as part of PIF’s strategy to support the development of the renewable energy sector within Saudi Arabia and enable the growth of national champions to become regional and global leaders, while also …
ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants worldwide, announced Wednesday that its South African Bokpoort CSP plant has become the first renewable facility in the continent to complete a full week of continuous round the clock operation. Bokpoort CSP set the new African continental benchmark achieving 13 …
Continue reading “ACWA Power’s Bokpoort Concentrated Solar Power plant breaks African record”
ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants worldwide, will showcase its portfolio of leading renewable energy and water desalination projects at the at 22nd Water, Energy, Technology and Environment exhibition (WETEX) as a Titanium Sponsor. Unlike any of its former editions, WETEX 2020 is launching virtually and …
ACWA Power of Saudi Arabia has appointed Shanghai Electric Group as the engineering, construction and procurement (EPC) contractor to deliver the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai with capacity of 900 MW. The Solar Park project is the largest single-site solar power plant in the Middle East. …
Continue reading “Shanghai Electric Wins Contract for Fifth Phase of Dubai Solar Park”
Headquartered in Saudi Arabia, ACWA Power is a developer, investor and operator of a portfolio of power generation and desalinated water production plants with a presence in 11 countries in the Middle East and North Africa, Southern Africa and South-East Asia regions. In recent years, ACWA Power has actively been involved in key PV, wind …
Continue reading “ACWA Power participates in leading Concentrated Solar Power industry event”
The South African-based Bokpoort Concentrated Solar Power project, now in its fifth year of production, celebrated yet another huge production record. The 50MW Concentrated Solar Thermal Power (CSP) Parabolic Trough Power Plant with 9.3-hour storage set a new winter production record in August 2020. Bokpoort CSP CEO, Christo Spammer, shared details of the performance, highlighting …
ACWA Power has announced financial close for the 900 MW fifth phase of the giant Mohammed bin Rashid Al Maktoum Solar Park in Dubai, and revealed the bevy of international lenders that will be behind the $564 million facility. ACWA on Thursday announced Abu Dhabi Islamic Bank would be among the lenders for the latest …
Continue reading “ACWA Power closes financing of 900 MW fifth phase of solar power project in Dubai”
ACWA Power of Saudi Arabia has appointed Shanghai Electric Group as the engineering, construction and procurement (EPC) contractor to deliver the fifth phase project of the Mohammed Bin Rashid Al Maktoum Solar Park in Dubai with capacity of 900 MW. The Solar Park project is the largest single-site solar power plant in the Middle East. …
Continue reading “Shanghai Electric Wins Contract for Fifth Phase of Dubai Solar Park”