Globeleq acquires ARC Renewable Energy’s 66 MW PV solar plant in Benban, Aswan
Independent power producer Globeleq has acquired ARC Renewable Energy’s 66 MW PV solar plant in Aswan’s Benban for an undisclosed sum, according to a statement. Globeleq, a subsidiary of the UK government’s development finance arm CDC Group, will provide ARC with asset management services and oversee the operation and maintenance contractor Gila Al Tawakol. The plant was […]
Benban solar developers get reduced cost-sharing bill
Benban solar developers get a break: The Egyptian Electricity Transmission Company (EETC) has signed an agreement with 32 solar developers operating at the Benban plant that will cut their cost-sharing bill by EGP 300 mn to EGP 1.6 bn, the local press reports, citing unnamed sources familiar with the matter. The agreement, which was first […]
EETC settles EGP 1.6 bn cost-sharing bill increase with Benban solar companies
Benban solar developers get EGP 300 mn reduction in cost-sharing bill: Solar power developers operating at the Benban solar power park have reached an agreement with the Egyptian Electricity Transmission Company (EETC) to lower the cost-sharing bill to EGP 1.6 bn from EGP 1.9 bn, the local press reports, citing unnamed sources at the EETC. […]
German ib vogt sells its share in 64.1 MW Benban solar plant to Masdar
Ib Vogt sells one of its Benban plants to Masdar, looks to offload three more: Germany solar company Ib Vogt has sold its entire share in its 64.1 MWp PV plant in the Benban solar park to Abu Dhabi-based renewable energy company Masdar, it said in a statement. The company did not disclose the value […]
Scatec Solar secures guarantees with MIGA for Benban Project in Egypt
Scatec Solar has secured guarantees with the Multilateral Investment Guarantee Agency (MIGA) covering its equity investments in the Benban project, the company said in a statement. The guarantees cover 90% of investments by Scatec Solar for up to 15 years against the risks that it will be unable to legally convert EGP into hard currency […]
Mubadala-backed Alcazar Energy considers sale of Egypt, Jordan assets
Potential sale is precursor to firm raising another fund. Governments seek to increase renewable-energy sources. Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt and Jordan, people with knowledge of the matter said. The renewable-energy developer is in talks with banks […]
Gama Construction completes 6 solar PV power plants in Benban totaling 360 MW
With a total of 360MW: GAMA Construction announces completion of 6 PV Power Plants in Benban. As part of GAMA Construction’s strategy to contribute in the development of the Egyptian economy and infrastructure, the company announced the completion and delivery of all its 6 PV Power Plants in Benban Solar Park – one of the […]
New EBRD video introduces Benban, the world’s largest solar project
The $4 billion Benban solar power park is complete. Built over the course of more than two years, all the plots at Africa’s largest solar park are now operational, the European Bank for Reconstruction and Development (EBRD) said yesterday. The EBRD, the project’s largest financial backers, produced a video showing the “modern-day miracle” from space, […]
Scatec Solar completes its 390 MW Benban project in Egypt
Scatec Solar and partners have grid connected the last of the six 65 MW solar power plants in Egypt. This marks the completion of the 390 MW Benban solar project located near Aswan in Upper Egypt. The project is part of the 1.8 GW Benban solar park – one of the world’s biggest solar parks […]
EDF, Elsewedy commission 130 MW solar power plants in Benban
EDF Renewables and the ELSEWEDY ELECTRIC Group are announcing the commissioning of two solar power plants in Benban (Egypt) with a total installed capacity of 130MWp. These photovoltaic projects jointly owned by the partners hold a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). Their commissioning brings the EDF Group one […]
