Masdar Partners with Total and Abengoa Solar to build the world’s largest concentrated solar power plant
Masdar, Abu Dhabi’s multi-faceted initiative advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions, has appointed the bidding consortium of Total and Abengoa Solar as a partner to own, build and operate Shams 1, the world’s largest concentrated solar power plant and the first of its kind in the Middle East.
One of Masdar’s flagship projects, Shams 1 will directly contribute towards Abu Dhabi’s target of achieving 7% renewable energy power generation capacity by the year 2020.
The joint venture between Masdar (60%), Total (20%) and Abengoa Solar (20%) will develop, build, operate and maintain the plant which will be located in Madinat Zayed, approximately 120 kilometres southwest of Abu Dhabi in the United Arab Emirates (UAE).
Shams 1 will be the largest concentrated solar power plant in the world, extending over an area of 2.5 km², with a capacity of approximately 100 MW and a solar field consisting of 768 parabolic trough collectors to be supplied by Abengoa Solar. Construction is set to begin during Q3 2010 and is expected to take approximately two years.
Commenting on the announcement, Dr. Sultan Al-Jaber, CEO of Masdar, said: “The launch of Shams 1 marks a very important milestone for Masdar and for Abu Dhabi. I am very proud of the announcement we are making today because this project, which will be the first utility scale, commercial solar power project in the UAE, represents the translation into reality of the vision the Abu Dhabi leadership has for renewable energy in the Emirate. In addition, Shams 1 will allow Masdar to transfer to Abu Dhabi the know-how and expertise we have gained from our involvement in developing world-class renewable energy projects abroad, thus not only opening the door for renewable energy projects in the UAE but also for technology transfer, contributing towards the development of a knowledge-based economy and new job opportunities through the specializations required to manage and operate the plant.”
“I am delighted we are embarking on this journey together with our strategic partners Total and Abengoa Solar, both of whom have tremendous experience and technical know-how in developing projects such as Shams 1. It is through such partnerships that Masdar will succeed in developing and advancing renewable energy solutions and establish Abu Dhabi and the UAE as a world leader in renewable energy and clean technology. I would also like to thank our partners and stakeholders in Abu Dhabi – in particular ADWEA, ADNOC and the Regulation & Supervision Bureau – for their collaboration and support and our shareholder Mubadala for its backing and guarantee of Masdar’s share of the project ,” Al-Jaber continued.
“By participating in this ambitious project alongside Masdar and Abengoa Solar, Total develops its solar energy assets, enriches its portfolio of expertise with this first step in concentrated solar technology, and reaffirms its unique partnership with Abu Dhabi,” commented Philippe Boisseau, President, Total Gas & Power. “We are pleased to be partnered with Abu Dhabi, a country we have been working with for more than 70 years, in its pursuit of energy diversification and to contribute to the Masdar initiative, which promotes the development of renewable energies.”
Santiago Seage, CEO of Abengoa Solar, also expressed his satisfaction: “We have teamed with the most qualified partners in the region, Total and Masdar, to own and operate what will be the most advanced solar plant, featuring our cutting-edge technology.” In turn, Michael Geyer, Abengoa Solar’s Director of International Development, highlighted the immense potential of building large-scale solar plants in the Middle East, a region that offers both an unlimited solar resource and infinite site locations for implementation of solar plants in its deserts.
Shams 1 is registered as a project under the United Nations’ Clean Development Mechanism (CDM) and is eligible for carbon credits. It is be the first CSP plant registered under the CDM and the second project registered for Masdar. The plant will displace approximately 175,000 tonnes of CO2 per year, equivalent to planting 1.5 million trees or removing 15,000 cars from Abu Dhabi’s roads.
- Turn off the lights: Egypt prepares for 25 percent fuel hike this summer
- How can the GCC's approach to the US shale boom be described? One word: insufficient
- Iran, six powers nuclear deal talks to resume in May
- Going once, twice, SOLD: International bidders could begin offshore gas drilling in Lebanon by 2015
- Are the Gulf economies getting a kick out of the Crimea crisis?
- Solar power take off as Middle East wakes up to a new sunny dawn
- VISION to Build a 130 kW Solar Power Plant in Bahra with SolFocus
- Abu Dhabi’s Masdar Initiative to invest up to $2 billions in Photovoltaic Solar Energy
- Jordan: Kingdom signs $24m deal for solar-run power generation plant
- Masdar, Sener Joint Venture Torresol Energy Secures US $ 760 Million Loan for Value 1 and Value 2 Thermal Solar Plants