Egypt

EBRD and IFC backing 1.4 GW of Egyptian solar projects

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.

Acciona to deploy 150 MW at Egypt’s Benban solar complex

The Spanish company will build three PV plants in a 50/50 joint venture with Saudi developer Swicorp. The facilities will sell power to local utility EETC under a 25-year PPA.

GE to build 50 MW solar PV plant in Egypt

In what comes as the company’s first turnkey solar contract, GE Power Conversion is expected to build a 50 MW PV plant in Egypt.

AIIB provides $210 million in funds for 490 MW of solar in Egypt

The bank is granting long-term debt financing for the construction of 11 solar plants.

Egypt: First project contracts signed under EBRD framework

The European Bank for Reconstruction and Development (EBRD) today announced the completion of financing for two 50 MW PV projects, to be built as part of the 1.8 GW Benban Solar complex in Egypt’s Aswan province.

Acwa Power secures PPAs for 165.5 MW of solar in Egypt

The Saudi Arabian power group will build three solar plants at the Benban solar complex, where most of the projects developed under Egypt’s FIT scheme are being constructed.

World Bank approves $660 million fund for 500 MW of projects at Benban solar complex in Egypt

The funds will be used to support the construction of 11 solar plants with a combined capacity of 500 MW.

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African Development Bank considering $18 million loan for 50 MW PV project in Egypt

The Alcazar II solar project is being developed in the 1.8 GW Benban solar complex by UAE-based Alcazar Energy.

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EBRD approves $500 million package for 750 MW of solar in Egypt

The funds will be used to finance 13 large-scale PV projects being developed under the country’s FIT scheme. All the projects will be located near Benban in Upper Egypt.

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Egypt: German consortium plans 1 GW vertically integrated solar factory

A first agreement to start a feasibility study for the project, which also includes the construction of a giant solar plant, was signed in the presence of the country’s minister of energy Mohamed Shaker.

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