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Business, Energy

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

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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