Logo of ACWA Power
ACWA Power began operations of the first phase of concentrated solar power (CSP) with a capacity of 200 megawatts (MW) of Noor Energy Company 1 PJSC, according to a Tadawul statement.
Noor Energy 1 project is the fourth phase of Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE.
The statement explained that the project’s total operational capacity reached 417 MW out of a total of 950 MW generated by CSP and photovoltaic (PV) panels.
The expected financial impact of operating the project’s final phase with a capacity of 950 MW will appear on the company’s financials as of Q1 2024.
According to data compiled by Argaam, ACWA Power owns 25% of Noor Energy Company 1.
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