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 renewable energy arm of the French utility and the Egyptian manufacturing company will build the PV facility at the Benban solar company.
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.
The bank is granting long-term debt financing for the construction of 11 solar plants.
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.
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.
The funds will be used to support the construction of 11 solar plants with a combined capacity of 500 MW.
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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