The projects were awarded to the German EPC under the second round of the Egyptian FIT program, and are located in Benban in the country’s Aswan Governate.
The U.S. President’s proclamation provides a path for specific products to apply for exemption from tariffs, which had been sought by both SunPower and the government of South Korea. Additionally, imports from a number of developing nations are exempt as long as import levels remain small.
World Bank Group member, the Multilateral Investment Guarantee Agency (MIGA), has pledged to provide financial support for six solar power plants in Egypt, the accumulative capacity of which stands at 250 MW.
The Saudi energy company will build three solar facilities under Round 2 of the country’s FIT program.
The plant was installed in an area of Egypt’s Western Desert that is devoted to a governmental project to transform half a million acres of desert into arable land.
The renewable energy arm of the French utility and the Egyptian manufacturing company will build the PV facility at the Benban solar company.
Norwegian project developer Scatec Solar has announced financial close on six projects totaling 400 MW, to be built as part of the enormous 1.8 GW Benban Solar Park located in upper Egypt.
The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will support development of a further 13 solar parks.