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

United Arab Emirates
Owners (%): Dubai Electricity & Water Authority
Solar Resource: 1967
Nominal Capacity: 950 MW
Start Year: 2022

Status Date

Status Date July 07, 2021


Break Ground Date 2018
Lat/Long Location 24.76,55.36


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


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

The project data on these pages and in the downloadable CSV file is copyright (©) Institute for Advanced Sustainability Studies (IASS) and others 2021; data by Lilliestam@IASS, Thonig@IASS, Zang@CAS, Gilmanova@CAS and others. The data is licensed under a Creative Commons Attribution 4.0 International License.”