ACWA Power gets green light for 217-MW solar project in UAE
Jan 11, 2022 03:31 PM ET
- Saudi Arabia's International Company for Water and also Power Projects (TADAWUL:2082), or ACWA Power, can begin work on the first 217-MW phase of the Noor Energy 1 solar project in Dubai after obtaining a certificate of industrial operation.
The economic impact of the project will certainly be revealed in the monetary report for the first quarter of 2022, ACWA Power claimed on Monday in a filing with the Saudi stock exchange.
The Riyadh-based firm has a 25% stake in the business Noor Energy 1 PSC which is executing the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. This phase integrates 700 MW of concentrated solar energy capacity as well as 250 MW photovoltaics as well as plays a major role in the decarbonisation approach of the emirate which seeks to get to 25% of tidy energy by 2030.
Also read
- Delingha 350-MW CSP Plant Tops Out All Three 199-Meter Towers
- OMV Petrom, Renovatio Switch On 130 MW of Solar Parks in Romania
- Algeria Switches On 300-MWp El Oued Solar Plant, Its Largest Yet
- Masdar Agrees to Buy 550-MW Greek Solar Project From Lightsource bp
- Enel Colombia Completes 985-MWdc Solar Complex as Atlántico Starts Up