ib vogt breaks ground on 166.5MW solar project in Benban, Egypt

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Aerial pictures of Benban solar power plant, 2017. Credit:  ib vogt GmbH, Infinity Solar S.A.E

German renewables firm ib vogt has started constructing a 166.5MW portfolio of solar projects in the Benban Solar Park, which were awarded under the second round of Egypt’s Feed-in Tariff (FiT) programme.

An international conglomerate consisting of ib vogt, Infinity Solar, Phoenix Energy and BPE Partners is developing the project, with ib vogt acting as EPC and O&M provider. The conglomerate achieved financial close at the end of October, securing debt financing of US$146 million.

Construction on two projects started at the end of January 2018 with the third plant to begin at the end of the month. These are the first projects from this second FiT round to begin construction.

The plants cover an area of 270 hectares and will use half a million modules mounted on horizontal tracking systems. When the projects are completed in early 2019, over 400GWh of electricity will be produced each year, to supply the equivalent of 55,000 homes.

State-owned utility Egyptian Electricity Transmission Company (EETC) will offtake the power under a 25-year power purchase agreement (PPA).

Anton Milner, managing director of ib vogt, said: “Following the successful construction and energisation of our 64MW Round 1 project in Egypt we are pleased to announce the commencement of the build-out of our next three plants in this series and are proud that these are the first of the Round 2 projects.”

The company’s overall portfolio within the 2GW Benban Solar Park complex will total 230.6MW.

Read Next

May 4, 2021
German developer and EPC contractor juwi has secured a deal to design, supply and build a solar-storage hybrid project at an off-grid gold mine in Egypt.
April 26, 2021
Solar developer ACWA Power has secured a total US$114 million from financial institutions to fund the construction of what it claims will be Egypt’s largest private solar plant.
April 7, 2021
Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.
March 4, 2021
A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.
January 27, 2021
Senior debt financing has been secured for the 116MWp Coara Marang solar farm being developed by Germany-headquartered ib vogt and Malaysian solar firm Coara Solar.
September 15, 2020
Ib vogt has sold its shareholding in its 64.1MWp ‘Infinity 50’ project, which makes up part of the Benban solar complex in Egypt, to Masdar.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021