Noor Energy 1 / DEWA IV 700MW CSP+ 250MW PV CSP Project

This page provides information on 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: Noor Energy 1 / DEWA IV 700MW CSP+ 250MW PV
Location: Dubai

Dubai
United Arab Emirates
Owners (%): Dubai Electricity & Water Authority
Technology Hybrid CSP-PV
Solar Resource: 1967
Nominal Capacity: 950 MW
Status Under Construction
Start Year: 2022

Status Date

Status Date July 07, 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) 0.07
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

Power Block

Nominal Turbine or Power Cycle Capacity 950 MW