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  • China Silk Road Fund acquired 24.01% equity interest of Dubai DEWA 700MW CSP project

    ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, announced on Sunday that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (CSP) project in the United Arab Emirates.In the presence of Chinese President Xi Jinping, the Vice President and Prime Minister of the United Arab Emirates (UAE), Sh

  • Progress|China Shouhang Dunhuang 100 MW molten salt Solar Tower CSP Plant

    Google map of Shouhang Dunhuang 1st Phase 10MW & 2nd Phase100MW tower CSP plantsBeijing Shouhang IHW Resourves Saving Co., Ltd (shorted as Shouhang) recently reported on the progress of its Shouhang Dunhuang 100 MW molten salt Solar Tower CSP Plant, which is among China 1st phase of 20 CSP pilot projects, and expected to be the second to be completed after the first CGN Delingha 50MW parabolic

  • Study: CSP Will Help China Cut Costs of Climate Action

    Picture:Crescent Dunes CSP project with 10 hours of storage IMAGE@SolarReserveSolar thermal energy turns out to be the key to China meeting its climate commitments. A new study investigates the best combination of renewables for providing the lowest cost to power system operators in two of China’s provinces best suited to scale up renewable energy.China’s power systems operators must invest in r

  • Longer contracts leverage the free fuel in solar power at little O&M cost

    The worlds first 35-year day or night solar contract (ACWA Powers with DEWA in Dubai) also had a record-low price for solar with storage - of just 7.3 cents per kWh.Energy developers always look to find ways to structure deals to reduce their costs. A key task in developing utility-scale renewable energy projects is finding every possible way to reduce the price at which you must sell power to mak

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