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Tag: Solar energy
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Infographic: The Benban Solar Park in Egypt (Forbes)

Posted: March 16, 2018 at 2:24 pm   /   Renewables

The Benban Solar Park in Aswan – Egypt. Graphics: Sally Hoteit (Source: Forbes Middle East)

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Bloomberg: Desert Sun to Power Upper Egypt with $2.8 bn Solar Park

Posted: March 16, 2018 at 2:18 pm   /   Renewables

German-built solar plant is first to feed into grid in Aswan. Egypt targets producing 20% of power from renewables by 2022. Egypt inaugurated the first solar power plant at a remote desert complex where the government plans to generate as much as 1.8 gigawatts from the sun, cutting the most populous Arab nation’s reliance on […]

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Egypt inaugurates first phase of 1.8 GW Benban solar park

Posted: March 16, 2018 at 2:05 pm   /   Renewables

Infinity Solar inaugurated its 50 MW power plant as part of Benban solar park. Egypt’s Minister of Electricity Mohamed Shaker inaugurated on Tuesday the first phase of Egypt’s Benban solar park in Aswan, set to be largest in the world upon completion at 1.8 GW total capacity, Arabic Ahram news website reported. The event marks […]

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Eni to sign agreement for 50 MW solar power plant in Egypt

Posted: March 4, 2018 at 8:09 pm   /   Renewables

The plant will be built in Abu Rudeis city in South Sinai Governorate with $50 million in investment. The Egyptian Electricity ministry is planning to sign an agreement with Italy’s Eni to set up a 50-megawatt (MW) solar power plant next April. The plant will be built in Abu Rudeis city in South Sinai Governorate […]

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World’s largest solar park under development in Benban, Egypt

Posted: February 26, 2018 at 10:54 pm   /   Renewables

The Benban Solar Park aims to reach somewhere between 1.6-2.0GW of solar power by the middle of 2019. The projects will receive no incentives, however, it will be given a 25 year contract to sell its electricity at 7.8¢/kWh to the the state-owned Egyptian Electricity Transmission Company (EETC) and pegged to the value of the […]

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Benban solar power complex wins Thomson Reuters’ Project Finance International Award

Posted: February 9, 2018 at 8:29 pm   /   Renewables

Egypt’s solar power complex Benban, located near Aswan, set to become the largest solar park in the world, won on Wednesday the Thomson Reuters’ project Finance International Award for “Global Multilateral of the Year,” Zulficar & Partners, a law firm that advised the Egyptian Electricity Transmission Company (EETC) on the project agreements, said in a […]

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Masdar plans to invest in 500 MW of solar power generation in Egypt

Posted: January 23, 2018 at 1:25 pm   /   Renewables

A week after its wind announcement, Masdar says it plans to invest in up to 500 MW of solar power generation capacity in Egypt. UAE’s Masdar presented the New and Renewable Energy Authority (NREA) with plans to develop solar power plants with a combined capacity of 500 MW, authority sources told Al Mal. The plants […]

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Total Egypt studies operating 220 fuel stations using solar power

Posted: January 9, 2018 at 4:08 pm   /   Oil & Gas

CES studies establishing 220 solar plants for Total Egypt. Plant capacities will range between 60-200 KW, feasibility study to be completed in 2020. Total Egypt commissioned Complete Energy Solutions, a specialised Engineering, Procurement, and Construction company, to conduct a feasibility study for the construction of 220 solar power plants with capacities of 60-200 kilowatts per […]

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ACWA Power reaches financial close for three solar plants in Benban

Posted: January 9, 2018 at 1:10 pm   /   Renewables

ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reaches financial close. • ACWA Power has reached financial close of three solar photovoltaic power plants in Benban under Round 2 for 165.5MWp total capacity within the Feed-in-Tariff (FiT) program. • ACWA Power had signed the Power Purchase Agreement […]

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Eni to launch 50 MW solar power plant in Egypt with $50m investment

Posted: December 26, 2017 at 12:08 pm   /   Renewables

Eni invited contractors to bid their offers for the plant. Italian oil major Eni on Sunday unveiled plans to launch a 50-megawatt (MW) solar power plant in Abu Rudeis City in the Red Sea governorate, with total investments of $50 million. During the last couple of days, Egypt’s Electricity and Renewable Energy Ministry held a […]

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