ACWA Power Company announced that it has received from the Dubai Electricity & Water Authority (DEWA) on 17 November 2023 the Initial Commercial Operation certificate for the Phase 2 CSP Parabolic Trough (PT) 200 MW Unit of Noor Energy 1 P.S.C which is part of 950 MW Solar CSP Independent Power Project, Phase IV of the MBR Solar Park located in the Emirate of Dubai, UAE. Total capacity under operation reaches to 717 MW. ACWA POWER owns a net stake of 25% in Noor Energy 1 P.S.C. The company expects financial impact from the full capacity (950 MW) from quarter 1 of 2024 financial results onwards.
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- ACWA POWER Company Announces the Achievement of Commercial Operation of PT2 Unit of Noor Energy 1 P.S.C