ACWA Power starts operations of first phase of Dubai’s Noor 1 project

Logo of ACWA Power

ACWA Power began operations of the first phase of concentrated solar power (CSP) with a capacity of 200 megawatts (MW) of Noor Energy Company 1 PJSC, according to a Tadawul statement.

Noor Energy 1 project is the fourth phase of Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE.

The statement explained that the project’s total operational capacity reached 417  MW out of a total of 950 MW generated by CSP and photovoltaic (PV) panels.

The expected financial impact of operating the project’s final phase with a capacity of 950 MW will appear on the company’s financials as of Q1 2024.

According to data compiled by Argaam, ACWA Power owns 25% of Noor Energy Company 1.