French developer Voltalia has signed an agreement to take 304 MW of solar panels from Chinese supplier Suntech.
The modules will be supplied until June 2019, and will be used in Voltalia’s 32 MW Ra Solar project in Egypt – for which it won the tender in 2017 – as well as a 50MW site in Kopere, Kenya, which Voltalia secured earlier this month.
The Kopere project is backed by a 20-year power purchase agreement (PPA) with Kenya’s state-owned utility, the Kenya Power and Lighting Company (KPLC).
The 32 MW Ra project is in the Benban complex and has also secured a PPA. Financing, approved under the second round of Egypt’s solar feed-in tariff program, will be supported by a 25-year power supply deal with the Egyptian Electricity Transmission Company (EETC), at an effective feed-in tariff of $71/MWh. The PPA will be backed by a sovereign guarantee from the Egyptian Ministry of Finance.
Both projects are part of Voltalia’s plans to develop 1GW of renewable energy by 2020 – solar and wind, with PV set to account for the larger share.
Suntech announced this week it would supply modules for the Benban complex for Italian developer Enerray. Under that agreement, 116 MW worth of modules will be supplied for three Enerray projects in the complex.