Shanghai Electric will provide the steam Generation systems for the Dubai Concentrated Solar Power Project, the largest of its kind in the world, which will Generate Clean Energy.
Danish renewables firm Aalborg CSP has signed an agreement with Shanghai Electric to provide steam generation systems to the Dubai Concentrated Solar Power (CSP) project, part of Noor Energy 1.
Noor Energy 1 is the fourth phase of Mohammed bin Rashid Solar Park in Dubai, the ambitious solar project that has a 2030 target capacity of 5,000 MW.
Noor Energy 1 is owned by Saudi water and power company ACWA Power, Silk Road Fund and the Dubai Electricity and Water Authority (DEWA). Shanghai Electric Group Corporation is the engineering, procurement and construction (EPC) contractor.
Unlike the first three phases of the complex, which use photovoltaic technology, the fourth phase consists of a 100MW tower and three parabolic trough plants of 200MW each, with twelve hours of molten salt storage. These will be built by Spanish company Abengoa, which will also be the supplier of solar thermal technology.
Last November DEWA signed an amendment to its power purchase agreement with ACWA Power, adding 250 MW of photovoltaic solar panels to the original 700MW plan.
The 700MW CSP plus 250 MW PV hybrid project will use the steam generation systems based on technology from Aalborg CSP, after signing the order to deliver 42 heat exchangers and pressure vessels.
With a total cost of US$4.3 billion, Noor Energy 1 is the biggest single site CSP plant in the world. The ACWA Power led consortium is currently working on putting in place over US$2 billion in long-term project bank debt for the scheme. Chinese institutions, such as Bank of China, Industrial and Commercial Bank of China (ICBC), and Agricultural Bank of China, are expected to feature in the bank debt syndicate.
When completed, the solar park will provide clean energy to more than 270,000 residences in Dubai, while reducing the carbon emissions by 1.4 million tonnes per year.
Abengoa announced last May that it had been selected by Shanghai Electric Group to provide the solar thermal technology and build a solar field of three parabolic trough plants.
Then in November Abengoa signed a cooperation agreement with ACWA Power, ICBC and Shanghai Electric, to collaborate on future energy projects.
The declaration of intention was signed in the presence of Chinese President Xi Jinping and Spanish Prime Minister Pedro Sanchez, during President Xi’s visit to Spain.