CSP-PV hybrid project Noor Energy 1 / DEWA IV 700MW CSP + 250MW PV CSP Project
This page provides information on CSP-PV hybrid project Noor Energy 1 / DEWA IV 700MW CSP + 250MW PV 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 700MW CSP + 250MW PV |
|---|---|
| Location: | Dubai |
| Dubai United Arab Emirates | |
| Owners (%): | Dubai Electricity & Water Authority |
| Technology | PV-Hybrid, Trough, Tower |
| Solar Resource: | 1967 |
| Status | Under Construction |
| Start Year: | 2023 |
Status Date
| Status Date |
|---|
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
| 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. |