- ACWA Power claims to have obtained commercial operation certificate for 217 MW solar capacity in Dubai
- It is the phase I of Noor Energy 1 Solar Power Project that’s part of 950 MW phase IV of MBR Solar Park
- The company expects to see financial impact of operating the project on its financial results in Q1/2022
Saudi Arabian renewable energy company ACWA Power says it has secured commercial operation certificate for Photovoltaic Phase 1 (PVFD1) of 217 MW Noor Energy 1 Solar Power Project in Dubai, UAE.
In a brief stock exchange filing, the management said it expects to see the financial impact of operating the project on its financial results for Q1/2022.
Noor Energy 1 forms phase IV of Dubai Electricity and Water Authority’s (DEWA) Mohammed Bin Rashid Al Maktoum Solar Park (MBR Solar Park) that comprises 950 MW hybrid capacity, divided into a 700 MW concentrated solar power (CSP) plant and 250 MW solar PV capacity.
ACWA Power, leading a consortium with Shanghai Electric, won the 950 MW phase IV project through a competitive round after quoting the winning tariff of $0.0730 per kWh. According to the company, this plant will support the Dubai Clean Energy Strategy 2050 to increase the share of clean energy for Dubai to 25% by 2030.
Both ACWA Power and Shanghai Electric are also partnering for phase V of MBR Solar Park with 900 MW PV capacity that has Gulf Investment Corporation (GIC) participating as well (see Shanghai Electric Bags MBR Solar Park Phase-V Contract).
The ACWA Power led consortium commissioned a 200 MW solar plant under phase II of the MBR Solar Park in March 2017.