amazing that this project is even going ahead. solar at $0.07/kWh or $70/megawatt hour is almost twice the rate of conventional solar photovoltaics. in large-scale installations in the US, the market is now seeing prices in the low $30's per MW/h with commercial solar PV installations. Acwa is of course a Saudi company, so there is surely some brotherly love - ahem - involved here to support the regional economy. otherwise, outside of subsidized deals like these, concentrating solar has almost died off completely as it cannot compete against plain solar photovoltaic systems. source: work in the industry.
This is the best tl;dr I could make, [original](https://www.thenational.ae/business/energy/sheikh-mohammed-bin-rashid-announces-winning-contract-for-world-s-largest-csp-solar-project-1.628906
) reduced by 75%. (I'm a bot)
> Sheikh Mohammed bin Rashid, Vice President of UAE and Ruler of Dubai, hailed the launch of the world's largest concentrated solar power plant, a milestone in the emirate's ambition to generate 75 per cent of its energy needs from renewable sources by 2050.
> The Dubai Electricity and Water Authority said on Saturday that it had selected Saudi Arabia's Acwa Power and China's Shanghai Power to build a 700MW extension to the Mohammed bin Rashid Al Maktoum Solar Complex, providing more than three times the capacity of the initial plans for the extension.
> "Awarding this strategic project supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote sustainability, and make Dubai a global centre for clean energy and a green economy," said Saeed Al Tayer, the managing director and chief executive of Dewa.
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