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 5, 2025
Scientists from Germany and Saudi Arabia have discovered that perovskite thin-film cells are compatible with current industry standard silicon solar cells, which they claim is a “crucial step toward the industrialisation of perovskite silicon tandem solar cells”.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 5, 2025
Research firm Rystad Energy has found that Queensland’s utility-scale solar PV power plants have dominated the best-performing assets, in terms of AC capacity factor, rankings for August 2025.
September 4, 2025
India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%. 
September 4, 2025
The Czech national cybersecurity agency has warned that Chinese solar inverters represent a threat to the country’s data security.

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