At 9:00 on the April 13th, Shanghai Electric and ACWAPower signed the general contract for the 700MW power station of the Photovoltaic Phase IV of the Dubai Hydropower Bureau in Shanghai. This project is the largest solar thermal power station in the world.
The 700 megawatt solar thermal power project in Dubai is the first phase of the fourth stage solar power generation project of the Mohammad Bin Rashid Al Maktoum solar park planned by the Dubai Hydropower Development Bureau (DEWA) with a total investment of US$3.86 billion. The Silk Road Fund and the United Arab Emirates Financing support during project construction.
Mohamed Abu Nayang, chairman of Saudi Arabia International Power and Waters's board of directors, said that the project is closely related to the strategy of the Dubai Emirates, as planned, by 2050, 75% of the energy in Dubai’s Emirate will be provided by renewable energy. Meanwhile, the The traditional photovoltaic project is different, it can achieve 24 hours of uninterrupted power generation, which also makes its production of energy prices for the first time in the world as low as 7 cents, with the traditional energy prices.
The project will use the world's leading 'tower + trough' centralized solar thermal power generation technology, including a set of 100 megawatts of tower-type molten salt heat storage power generating units and three sets of 200 megawatts of tank type molten salt heat storage power generation. The unit, each unit is equipped with a 15-hour heat storage system, with a total generating capacity of 700 megawatts. Upon completion, the project will become a 24-hour opto-electronic project, which is also the world’s largest (700 MW) to date, The largest monomer capacity, the highest light and heat absorption tower (260 meters), the most advanced thermal power plant.
At present, the 700 MW CSP project in Dubai has become an innovation-driven industrial upgrading and transformation of China's equipment manufacturing companies, entering the overseas high-end market, building Chinese brands, and practicing the successful case of the 'Belt and Road Initiative'. Related leaders of Shanghai Electric Introductory, the company has won the total contracting opportunity of the 700MW CSP project in Dubai with the world's highest standards under full market competition. This project has become a landmark project for the transformation of Shanghai Electric from traditional thermal power to new energy and its successful development. It marks a new milestone in the development of CSP technology. It is another milestone in the field of clean energy. At the same time, this is also the first large-scale energy EPC project of Shanghai Electric in the Middle East, accelerating the strategic development of the company's main business, The development of markets and the allocation of global resources have played a positive role, and laid a solid foundation for the subsequent development of new energy markets such as light and heat at home and abroad.