DOW Chemicals recently signed sales and service contracts with Shanghai Electric to provide industry-leading Dowthermtm™
A heat transfer fluid and on-the-ground services for a world-scale 700mw concentrated solar power (CSP) and 250mw photovoltaic (PV) hybrid project in Dubai. Once complete, this ambitious project will supply clean energy to more than 270,000 homes in Dubai, while helping to cut over 1.4 million metric tons of carbon emissions per year. Additionally, this project will provide a very low-level of electricity cost of 7.3 us cents per kilowatt-hour, bringing a progressively more competitive position for CSP technology in energy generation versus other sources.
“This strategic partnership will bring together the industry-leading strengths of Shanghai Electric with Dow’s rich expertise in the design, handling and transport of heat transfer fluids. With our history of successful concentrated solar power projects across the globe and our strong global capabilities, we are excited to play an essential role in advancing this project of the Dubai Electricity and Water Authority (DEWA) while supporting improved carbon emissions” said Ester Baiget, Business President, Dow Industrial Solutions.
Cao Min, President of Shanghai Electric Power Generation Group, added: “We look forward to starting this exciting project and seeing the contribution it will make to the advancement of the concentrated solar power industry and the wider clean energy and green economy. As sustainability is at the core of corporate strategy for both Dow and Shanghai Electric, we hope to build on this partnership and collaborate on more clean energy projects in China, as well as other Asia Pacific markets in the future.”
A consortium comprising of Saudi Arabia’s ACWA Power and China’s Shanghai Electric was earlier awarded the contract of engineering, procurement and construction of the 700MW CSP project and an additional 250MW photovoltaic project by DEWA. Under the terms of the sales and service contracts between Dow and Shanghai Electric, Dow will be the sole supplier of heat transfer fluids for the three CSP trough plants in three phases through 2022.