INSEAD Day 4 - 728x90

Business, Energy

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

ACWA Power starts commercial ops at phase 2 of Dubai’s Noor Energy

The project is part of Phase four of the MBR Solar Park in Dubai, (WAM)
By TRENDS Desk
November 21, 2023 1:41 am
  • The second phase is part of a 950 MW solar CSP independent power project, the company said .
  • The financial impact from the full capacity (950 MW) is expected to show starting from the first quarter 2024.

RIYADH, SAUDI ARABIA – ACWA Power Co  said it received the initial commercial operation certificate from the Dubai Electricity & Water Authority (DEWA) for phase two of concentrated solar power (CSP) Parabolic Trough (PT) 200 megawatts (MW) unit of Noor Energy 1, taking total capacity under operation to 717 MW.

The second phase is part of a 950 MW solar CSP independent power project, the company said in a statement on Tadawul.

The financial impact from the full capacity (950 MW) is expected to show starting from the first quarter 2024.

The project is part of Phase four of the MBR Solar Park in Dubai, UAE. ACWA Power owns a 25 percent stake in Noor Energy 1.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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