Egypt

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.

1

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.

2

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.

3

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.

1

Scatec Solar secures PPA for 400 MW of solar plants in Egypt

The Norwegian solar developer has obtained a 25-year PPA for six PV power plants totaling 400 MW. The facilities will be located near Aswan in Upper Egypt.

2

Infinity Solar, ib vogt and Solizer plan 64 MW PV plant in Egypt

The Infinity 50 solar park in Benban was officially approved by the Egyptian Electricity Transmission Company. Project is financed by German Bayerische Landesbank and Arab African International Bank.

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