Dubai breaks ground on world’s biggest Concentrated Solar Power project
2018.04.11 From: World Finance
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has broken ground in the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the biggest Concentrated Solar Power (CSP) investment project in the world.
Based on the Independent Power Producer (IPP) model, the site will have the world’s tallest solar tower at 260 metres, as well as the largest thermal energy storage capacity on the planet. The AED14.2bn project will generate 700MW annually, providing clean energy to 270,000 homes, while also reducing 1.4 million tonnes of carbon emissions every year.
The project will use two technologies, a 600MW parabolic basin complex and a 100MW solar tower, and covers 43 square kilometres. The plant also provides the world’s lowest Levelised Cost of Electricity (LCOE) of $7.3 cents per kW/h.
His Highness Sheikh Mohammed bin Rashid Al Maktoum stated that developing the UAE’s infrastructure is a top priority, and vital to raising the country’s global competitiveness.
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) is also focusing on clean and renewable energy projects to enhance the quality of life for future generations in an economy that doesn’t rely on oil. The solar park is a crucial step in the Dubai Clean Energy Strategy 2050, which aims at generating 75 percent of Dubai’s total power output with clean energy by 2050.
Mohammad Abu Nayyan, Chairman of ACWA Power, said: “We are proud of our role in obtaining the lowest price globally for the second phase of the solar park. Today we are driving price reduction for CSP projects globally, achieving more than just one unprecedented world record, by constructing the world’s tallest solar tower and providing the highest storage capacity.”
Cao Min, President of Shanghai Electric, added: “On behalf of Shanghai Electric, I would like to express warm congratulations on the groundbreaking of this project, which is by far the largest and most advanced CSP project co-developed by DEWA and ACWA Power and implemented by Shanghai Electric as EPC contractor.”
Relevant CSP Conference：CSP Focus MENA 2018（June 27-28,Marrakech Morocco）
More from CSP FocusNext
China's ICBC lead arranger for $ 1.5 bn to finance Dubai 700MW Concentrated Solar Power Project
Abengoa Dubai Concentrated Solar Power contract valued at $650mn
Dubai 200MW CSP tower plant expects record-low price this July
Dubai set to hit record-low Middle East CSP price on its first project
Dubai Is Building the World’s Largest Concentrated Solar Power Plant
ABB wins $90m deal for Dubai Concentrated Solar Power project
Dewa awards advisory contract for Dubai’s Mohammed bin Rashid Al Maktoum Solar Park
Dubai to kick off tender for 200-MW Concentrated Solar Power plant in H1 2017
Shanghai Electric analyzes Dubai 700MW concentrated solar power project
Dubai will launch concentrated solar power (CSP) projects to generate 1,000 megawatts by 2030
Leave your thoughts here
Reports(Member Only)See more+
CSP Focus Membership Proposals
We are now proposing CSP Focus Membership, hoping to better serve our members to keep pace with the latest updates of ongoing CSP projects worldwide, and to establish and maintain business relations with major shareholders of the projects. CSP Focus offers to Membership exclusive access to:1. Daily/Weekly update and analysis on CSP policies, projects, technologies, market trend and corporate relea
The Latest CSP Focus Monthly Update
Join CSP Focus Membership to Get the Latest CSP Focus Monthly Update December Edition.
CSP Project Monthly Update 2022 December Edition
CSP Focus is presenting CSP Project (China) Update 2022 December Edition.Detail report is available for CSP Focus Membership.
Presentations-CSP Focus China 2021
The Report is for CSP Focus Members only.
Upcoming EventsSee more+
12th CSP Focus China 2022
11th CSP Focus China 2021
10th CSP Focus China 2020
2020.10.22-23 Beijing, China
Project UpdatesSee more+
Lanzhou Dacheng Dunhuang CSP Project
Asia Pacific-China，Operational，Parabolic Trough
Luneng Haixi 50MW Molten Salt Tower CSP Project
Asia Pacific-China，Operational，Power Tower
Dubai 950MW NOOR Energy 1 CSP+PV Project
MENA-UAE，Under construction，Power Tower
Power China Gonghe 50MW Molten Salt Tower CSP Project
Asia Pacific-China，Operational，Power Tower