CSP-PV hybrid project Noor Energy 1 / DEWA IV CSP Project

This page provides information on CSP-PV hybrid project Noor Energy 1 / DEWA IV CSP project, a concentrating solar power (CSP) project, with data organized by background, participants, and power plant configuration.

Project Overview

Power Station: CSP-PV hybrid project Noor Energy 1 / DEWA IV
Location: Dubai

Dubai
United Arab Emirates
Owners (%): Dubai Electricity & Water Authority
Technology Hybrid CSP-PV
Status Under Construction
Start Year: 2022

Status Date

Status Date December 06, 2021

Background

Break Ground Date 2018
Lat/Long Location 24.76,55.36

Participants

Developer ACWA, Shanghai Electric
Saudi Arabia, China
EPC Shanghai Electric
China
Operator NOMAC
Electricity Generation Offtaker Dubai Electricity & Water Authority

Costs

Total Construction Cost (2017) 14780.00 million
Remuneration AED/kWh 0.27
Remuneration Start Year 2017
Remuneration USD/kWh Deflated (2020) 0.073
PPA or Tariff Period (Years) 35
Support Scheme Type PPA
Concessional Funding or Other Support $4.4 billion cost of Noor Energy 1 will be met by $2.9 billion of debt and $1.5 billion of equity. DEWA is to provide $750 million, half of the project equity. Of the remaining half, ACWA Power will provide 51% and China's Silk Road Fund 49%. Over 70% of the project debt will come from Chinese banks including Industrial and Commercial Bank of China Limited (ICBC), with the remainder supplied by international and regional banks.

Plant Configuration

Solar Field