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.
