Who owns Dewa concentrated solar power (CSP)?

Learn more DECLINE COOKIES ACCEPT COOKIES ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, is delighted to announce that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (“CSP”) project in the United Arab Emirates.

What is Silk Road Fund?

The plant will support the Dubai Clean Energy strategy 2050 to increase the share of clean energy in Dubai to 25% by 2030, and is expected to provide anannual saving of 2.4 Million tons of CO2. Silk Road Fund is a market-oriented, international and professional medium to long-term development and investment institution.

Which is the largest single-contracted solar project in the world?

Sudair Solar PV is poised to become one of the largest single-contracted solar... The 300 MW Sakaka IPP photovoltaic (PV) solar project is the first ever utility... The 950 MW hybrid project (700MW CSP & 250MW PV) fourth phase of the Mohammed... Hassyan power plant is one of the largest power plants in GCC located in Dubai,...

What is the world's largest concentrated solar power facility?

The 700MW of CSP is thought to make it the world’s largest single-site concentrated solar power facility, while the 262.44m high central solar tower is believed to be the world’s highest such tower. The DEWA IV project, which will occupy an area of 44 square kilometres, was awarded to an ACWA Power-led consortium in 2017.

What is the largest single-site solar park in the world?

Overall, the Mohammed bin Rashid Al Maktoum facility is the largest single-site solar park in the world based on the IPP model, with a planned capacity of 5000MW by 2030 and total investments of up to AED 50 billion. This article first appeared in Modern Power Systems magazine. Give your business an edge with our leading industry insights.