Reports: Alfanar Energy signs PPA for 50MW solar plant in Egypt

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Source: Flickr/Dennis Jarvis.

Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.

The PPA was signed as soon as the 50MW project, under the country’s feed-in tariff (FiT), reached financial closure. The plant will be located at the proposed 1.8GW Benban solar complex in the Aswan province.

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The US$100 million project is being financed by the European Bank for Reconstruction and Development (EBRD) and the Islamic Development Bank (IDB), and is one of Egypt’s first utility-scale solar plants.

In a Daily News Egypt report, director of Alfanar’s renewable energy projects in Egypt, Mohamed Abdel Karim, said the Saudi firm paid the third installment of the cost-sharing agreement after an increase of its value by about 35%.

Alfanar has reportedly allocated US$200 million towards two new renewable energy projects in Egypt, with a total capacity of 100MW through the second phase of the FiT.

Follow all PV Tech's coverage of the Egyptian solar market here

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

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