ACWA Power-led consortium to raise over $2bln for Dubai concentrated solar power project

ACWA Power leads a consortium which over the next few weeks is expected to conclude financing of more than $2 billion for a 950 megawatt (MW) concentrated solar power project in Dubai. The loan, provided by a group of mostly international banks, will back the development of Noor Energy 1, a $4.3 billion project expected …

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 turbine generator sets and auxiliary …

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 (IPP) model. Saeed Mohammed Al Tayer, …

World’s largest Concentrated Solar Power 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 …

A CMI Solar Receiver Will Equip the World’s Tallest Concentrated Solar Power Tower in Dubai

After its commercial success in China for the design and supply of a thermal solar receiver at Haixi, CMI has just been awarded a new contract for engineering and supplying a receiver for the Mohammed bin Rashid al Maktoum solar park (Dubai). This huge concentrated solar power (CSP) project named after the Emir of Dubai, …

Mohammed bin Rashid Al Maktoum Solar Park adds 250MW to its 4th phase to reach 950MW

The solar energy project will use three technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a concentrated solar power tower and 250MW from photovoltaic panels. Dubai Electricity and Water Authority (DEWA) has signed an amendment to the Power Purchase Agreement (PPA) with the consortium led by Saudi Arabia’s ACWA Power …