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ACWA Power and Silk Road Fund cement partnership agreement

ACWA Power has announced the completion of the transaction to introduce Silk Road Fund as a partner and a 49% shareholder in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo).

Silk Road Fund acquires 49% shares in ACWA Power’s subsidiary

Silk Road Fund has acquired 49% stake in ACWA Power Renewable Energy Holding Ltd (ACWA Power RenewCo), wholly-owned by ACWA Power.

China’s Silk Road Fund to acquire 24.01% equity interest in DEWA CSP project

ACWA Power has announced that China’s Silk Road Fund will acquire a 24.01% equity interest in the 700MW DEWA Concentrated Solar Power (CSP) project in...

Largest solar park achieves financial close

DEWA and the consortium led by ACWA Power and Silk Road Fund, announced the financial closing of the 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

Saudi energy developer inks deals to advance power generation

ACWA Power has signed strategic deals with Silk Road Fund and Huawei for technological advancements of power generation and water desalination plants.

Regenerative tourism project targets 100% renewables status

An ambitious regenerative tourism project has awarded a contract to a consortium to design, build, operate and transfer The Red Sea Project’s utilities infrastructure.

Dubai commissions world’s tallest solar power tower

The lifting and installation of the Molten Salt Receiver (MSR) on top of the world’s tallest solar power tower is complete.

Largest single-site solar park achieves financial close

DEWA announces financial close of the largest single-site solar park in the world. 

DEWA commissions 2MWp Solar Carport Project

The Dubai Electricity and Water Authority (DEWA) has commissioned a 2MWp Solar Carport Project, saving 1,500 tonnes of carbon emissions annually. Installed at its headquarters...

Dubai: Chinese firm secures EPC contract for Rashid Solar Park

The Dubai Electricity and Water Authority (DEWA) and ACWA Power, have signed an Engineering, Procurement and Construction (EPC) contract with Shanghai Electric for the...

UAE Prime Minister breaks ground on largest CSP project

The Vice President and Prime Minister of the UAE, HH Sheikh Mohammed bin Rashid Al Maktoum, on Tuesday broke ground on the 700MW fourth...

Utility bags top Esri analytics award for GIS achievement

Esri, the global leader in spatial analytics, presented Dubai Electricity and Water Authority (Dewa) with its Special Achievement in GIS (SAG) Award at the...

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