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Redstone CSP Contract Signed After 2-Year Delay

Redstone CSP Contract Signed After 2-Year Delay

Agreements opening the way for the construction of 27 renewable-energy independent power producer (IPP) projects, with a combined investment value of R56-billion and a combined capacity of 2 300 MW, were finally signed on Wednesday April 4, after a confidence-sapping delay of over two years.

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ACWA Power Ready for $1 Billion IPO

ACWA Power Ready for $1 Billion IPO

Gulf Base reports: Saudi Arabia-based ACWA Power, the power and desalination plant producer, could go public within the next two years, according to its CEO and President Paddy Padmanathan. ACWA, which has garnered a reputation for building renewable energy projects...

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TuNur Applied to Export CSP to EU at 8.73 Cents

TuNur Applied to Export CSP to EU at 8.73 Cents

According to Power Technology, TuNur applied to the Tunisian Government to begin construction of their proposed 4.5GW concentrated solar power (CSP) project in the Sahara Desert at a price for power that is expected to be 8.73 cents per kilowatt hour, much lower than...

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All MENA CSP Now 7 Cents or Under Says ACWA Power

All MENA CSP Now 7 Cents or Under Says ACWA Power

ACWA Power’s latest record-low contract signed with DEWA at just over 7 cents per kWh is no outlier, according to CEO Paddy Padmanathan. CSP is a thermal form of solar that typically includes thermal storage in a power block so that it can generate power at any time, not just when the sun shines.

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How ACWA Bid Record Low Cost CSP in Dubai

How ACWA Bid Record Low Cost CSP in Dubai

The giant 700 MW project in Dubai will combine tower and trough technologies and use scale and local infrastructure synergies to set a new benchmark price of $73/MWh for CSP with storage, Andrea Lovato, ACWA Power’s Executive Director of Business Development, told New...

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