ACWA Power Wins 700 MW Dubai CSP Project at Record Low $73/MWh
By
Susan Kraemer
Summary
ACWA Power has won a 700 MW concentrated solar power (CSP) project in Dubai, awarded by DEWA, setting a record low price of $73/MWh for CSP with storage. The project will combine tower and trough technologies, leveraging scale and local infrastructure synergies. ACWA Power plans to apply learnings from its Noor CSP project in Morocco, which also uses both tower and trough technology. The project was awarded following a highly competitive tender process.
Source
bskyACWA Power Wins 700 MW Dubai CSP Project at Record Low $73/MWhsolarpaces.orgKey quotes
· 3 pulledThe giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage.
ACWA Power will use learnings from its Noor CSP project in Morocco which also uses tower and trough technology.
On September 16, the Dubai Electricity and Water Authority (DEWA) awarded Saudi Arabia's ACWA Power a 700 MW CSP project following a highly competitive tender.
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