The $156.4 million Kom Ombo photovoltaic solar power plant is being developed by Saudi energy giant ACWA Power.
India’s Sterling and Wilson – which has a global solar engineering, procurement and construction portfolio of more than 10.6 GWp – says that its latest contract in Egypt is for one of the country’s largest PV projects.
UAE-based AlNowais Investments Company has been allowed to increase the size of its solar project in Kom Ombo from 200 to 500 MW. The facility will sell power to the Egyptian Electricity Transmission Company (EETC) under a long-term, bilateral PPA.
The $155,4 million project was secured by the Saudi energy giant through a tender held in 2019. The facility will sell power at a price of $0.02752/kWh.
Saudi energy giant ACWA Power won the tender for the project in August thanks to a lowest final electricity price offer of $0.02752/kWh. Construction of the facility, which will use bifacial panels, is expected to be complete by April 2021.
A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.
World Bank Group member the IFC has signed an agreement to implement tendered projects with the Egyptian Electricity Transmission Company. The tender for the solar complex was launched at the end of 2017.
In its report, Renewable Energy Outlook: Egypt, the International Renewable Energy Agency (IRENA) envisages a scenario in which solar becomes the second largest energy source in the country, after gas. If current plans and RE strategies are maintained, however, just 9 GW will be installed by 2030, compared 44 GW. The agency recommends a series of actions to achieve a 2030 renewable energy target of 52%.
The realization of Egypt’s 1.8 GW Benban solar complex has posed a long series of challenges to its numerous developers. The creation of the Benban Solar Developers Association (BSDA) has helped move the project forward amid initial grid constraints and several logistical issues, among others. Although only one of the 33 projects has now reached completion, all are set to be grid-connected by June 2019 – the final deadline set by the Egyptian government, according to Assem Korayem, a member of the BSDA and the operating general manager at Access-Power Egypt. In a conversation with pv magazine, he provides an extensive update on the current status of the huge PV complex.
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