Acciona, Swicorp finalise PV trio in Egypt

Facebook
Twitter
LinkedIn
Reddit
Email
The 186MWp projects will supply power to state utility EETC through a 25-year PPA (Credit: Acciona/Swicorp)

The Acciona Group and Swicorp have wrapped up the construction of three PV plants in Egypt, with plans to launch commercial operations in the next few weeks.

Acciona president José Manuel Entrecanales and his Swicorp counterpart Kamel Lazaar inspected the newly-built projects this week, which required US$180 million in investment.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Representing 186MWp in aggregate capacity (150MW in rated terms), the plants at Egypt’s Benban solar complex (Aswan region) are the work of subsidiaries Acciona Energía and Enara Bahrain Spv Wll.

The firms began construction almost a year ago, a process involving over 1,000 workers. The resulting plants span close to three square kilometres and are equipped with 570,000-plus polycrystalline silicon PV modules, produced by STI Norland.

Put together, the trio should produce power able to satisfy the needs of 150,000 homes, with a 25-year PPA signed in October 2017 with Egyptian state utility EETC. 

The projects are supported through Egypt’s second feed-in-tariff round of October 2016, as well as financing from the Asian Infrastructure Investment Bank and the World Bank’s International Finance Corporation.

Acciona and Swicorp will each own a 50% share of the plants once they become operative. The firms are currently working together on further renewable schemes in Africa and the Middle East, Acciona’s Entrecanales said in a statement on Tuesday.

For Acciona, the Swicorp partnership takes its worldwide PV capacity count past the 1,000MWp mark. In 2018 alone, the Spanish conglomerate made strides with various projects in Mexico and Chile.

The three plants are among the latest additions to the Benban complex, a scheme by the Egyptian government to build 1.8GW in PV capacity through 32 privately-owned plants. The site will also host projects by French developer Voltalia and Scatec Solar.  

Read Next

September 15, 2025
Sunrun has priced a securitisation of leases and power purchase agreements, taking its non-recourse debt capital raised in Q3 above US$1.5 billion. 
September 15, 2025
Norwegian energy firm Statkraft has agreed to divest a portion of its renewable energy portfolio to Serentica Renewables.
September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Vikram Solar has secured a contract to supply 200MW of modules to AB Energia, a domestic solar engineering, procurement, and construction (EPC) solutions provider. 
September 12, 2025
Colombian energy supplier Celsia is seeking more than US$1.2 billion in investment to build wind and solar generation projects in Peru. 
September 12, 2025
ACME Venus Urja has secured INR3.8 billion (US$43 million) to develop and construct a solar-plus-storage project in Barmer, Rajasthan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines