acwa

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Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

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DEWA Awards World’s Largest CSP Project To ACWA, Shanghai Elec. Led Consortium

Dubai Electricity and Water Authority (DEWA) has awarded the 700MW AED14.2 billion-fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric. This is the largest single-site Concentrated Solar Power (CSP) project in the world and will have the world’s tallest solar tower, measuring 260 metres. The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world and will generate 1,000MW by 2020 and 5,000MW by 2030.

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DEWA Reaches Financial Closure For 2,400MW Hassyan Clean Coal Power Project

Dubai Electricity and Water Authority (DEWA) has reached financial closure for the 2,400MW Hassyan clean coal power project. Last June, DEWA signed the PPA, Shareholders Agreement (SHA), and other project agreements with the consortium led by ACWA Power. Total investment of the project is USD 3.4 billion through Hassyan Energy Company, which is a joint-venture between DEWA (51%) and a consortium comprising ACWA Power, Harbin Electric, and the Silk Road Fund (49%). The project consists of four 600MW net power units. They will be operational in March 2020, March 2021, March 2022, and March 2023 respectively.

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Morocco Accelerates With 120MW Vestas Wind Energy Project

The Khalladi wind park will be the first renewable energy project financed by the European Bank for Reconstruction and Development (EBRD) in Morocco, that allows private producers to sell electricity (through PPAs) to industry. In addition to EBRD, the project is co-financed by the Moroccan bank BMCE and Argan Infrastructure Fund, an Africa-focused infrastructure fund managed by Infra Invest. The contract comprises the supply of the turbines as well as a 20-year service agreement.

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Saudi Arabia’s ACWA Plans To Invest $12bn In Egypt For Solar And Wind Projects

Saudi Arabia’s ACWA Power intends to invest $12 billion in the Egyptian market over the course of the next five years. It plans to establish solar and wind power plants with a capacity of 4.2GW from $7.5 billion in investments. The plans include the implementation of a series of projects, including the 2.25GW capacity Dayrout power plant and three 150MW-capacity solar and wind plants. Organisations financing the projects include the Chinese Silk Road Fund, the Saudi Investment Fund and the International Finance Corporation (IFC).

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Chile Solar

Saudi Arabian Acwa Power Acquires 50MW Solar Project In Jordan

The acquisition for an undisclosed fee comes as the government of Jordan has awards power purchase agreements for 12 solar energy projects, seeking to install 200 megawatts in total. It will result in about 2.3 million tonnes of CO2 saved during its PPA term, which is roughly enough to power 15,000 homes. Prior to the acquisition a 20-year power purchase agreement had already been signed with Jordan’s National Electric Power Company (NEPCO). Germany’s ET Solutions AG will be providing engineering, procurement and construction services.

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