China’s Silk Road Fund has acquired a 24% equity interest in the giant 700MW Dubai Electricity & Water Authority (DEWA) concentrating solar power (CSP) development in the United Arab Emirates.
The DEWA CSP mega-development, will be a joint investment by DEWA, Silk Road Fund, and Saudi Arabia’s ACWA Power.
The project, awarded to an ACWA Power led consortium in 2017, will be the largest single-site CSP project in the world as the $3.9bn
