Silk Road Fund jointly invest with DEWA and ACWA Power for the DEWA CSP project
China-based Silk Road Fund will join DEWA in the development of the 700MW DEWA concentrated solar power (CSP) project in Dubai.
Silk Road Fund has acquired 24.01% equity interest in the project, which is the the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site concentrated solar power plant.
Using a state-of-the-art combination of a central tower and parabolic trough technologies to collect energy from the sun, the project is projected to deliver electricity at a tariff of US $7.30 cents per kilowatt-hour 24 hours a day, thus competing with fossil fuel generated electricity.
Country updates
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July 16, 2018
Advisian appointed Owner’s Engineer of 700 MW concentrated solar project in Dubai
Advisian has been appointed Owner’s Engineer of a 700 MW concentrated solar power (CSP) plant in Dubai. The plant is being developed by ACWA Power and the Dubai Electricity and Water A...
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July 05, 2018
PIF of Saudi Arabia has acquired 15.2% of direct stake from ACWA Power in addition to its 9.78% ownership through a wholly owned unit
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July 02, 2018
ACCIONA, Grupo Gransolar and Ghella complete Phase A of Mohammed Bin Rashid Al Maktoum Solar Park III
ACCIONA Industrial, Grupo Gransolar and Ghella have completed the construction of the 200 MW Phase A of the 800 MW Mohammed Bin Rashid Al Maktoum Solar Park III. The finished plot consists o...
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June 05, 2018
China Energy Engineering Corp Ltd has been awarded a survey and design service contract for the project
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May 10, 2018
Shanghai Electric Group has selected Abengoa as the technology partner for the project
Shanghai Electric Group has selected Abengoa as the technology partner for the project. The company will provide CSP technology and construct the solar field for the three parabolic trough plants for around US$650 million
