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 […]
Lightsource BP eyes projects worth $8 billion amid expansion plans
BP’s solar energy arm eyes $8 billion worth of projects amid expansion plans. Lightsource BP, in which the major took a 43 per cent stake in 2017 eyes possible expansion in China and Australia – Lightsource BP chief executive Nick Boyle said he was targetting 10GW capacity build-up by 2023. Lightsource, the solar arm of […]
Scatec Solar begins commercial operation of its fourth Benban plant
Scatec Solar reaches commercial operation for its fourth 65 MW power plant in Egypt: Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 390 MW Benban project in Egypt. Scatec Solar now has 260 MW in operation in Egypt and expects to have completed the remaining two […]
German ib vogt completes three PV solar plants at Benban complex
Ib Vogt begins commercial operation of three solar plants at Benban German solar project development company Ib Vogt has begun commercial operation of three solar power plants with a combined capacity of 166.5 MW at the Benban solar complex near Aswan, the company announced in a statement. The plants were awarded under the second round […]
Scatec Solar starts commercial operation for third 65 MW power plant in Egypt
Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 400 MW Benban project in Egypt. Scatec Solar now has 195 MW in operation in Egypt and expects to have completed the project during second half of 2019. The Benban solar power plant is Scatec Solar’s largest project […]
