Noor Energy 1

OVERVIEW

The 950 MW hybrid project (700MW CSP  & 250MW PV), fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, is the largest single-site Concentrated Solar Power (“CSP”) plant in the world using a state-of-the-art combination of a Central Tower (100 MW) and Parabolic Trough (600 MW) as CSP technologies to collect energy from the sun. This will be supported with Photovoltaic panels (250 MW) to take the full project to 950 MW. The project, which was awarded to an ACWA Power led consortium in 2017, will deliver electricity at a levelized tariff of US $7.30 cents per kilowatt-hour; a cost level that competes with fossil fuel generated electricity without subsidy for reliable and dispatchable clean energy day and night using the Thermal Energy Storage system. The plant will support the Dubai Clean Energy strategy 2050 to increase the share of clean energy at Dubai to 25% by 2030 and will allow a saving of 1.6 Million tons of CO2, in addition to providing clean energy to more than 320,000 houses in Dubai. The project has been awarded two Guinness World Records for:

 

1) Tallest CSP Central Tower in the world (263.126m).
2) The largest thermal energy storage plant in the world (5,907 MWh).

KEY FACTS

  • LOCATION
    Dubai, UAE
  • OFFTAKER
    DEWA
  • POWER
    950 MW
  • TECHNOLOGY
    CSP with Central Tower & Parabolic Trough + Photovoltaic
  • PROJECT COST
    USD 4.529Bn
  • ACWA POWER SHARE
    24.99%
  • COMMERCIAL OPERATIONAL DATE
    Q1 2024
  • CONTRACT TYPE
    PPA-BOO-35 YR
  • PROJECT COMPANY
    Noor Energy 1
  • PROJECT AREA
    44 square kilometers