Scatec Solar’s first bifacial project goes live in Egypt

Facebook
Twitter
LinkedIn
Reddit
Email
The EBRD told PV Tech last month a belief in bi-facial's potential prompted its backing of Scatec (Credit: Scatec Solar)

Scatec Solar has taken a bifacial PV project to commercial operation in Egypt, marking a first for the Norwegian developer.

The firm spoke of a “major milestone” after connecting to the grid the first 65MW batch of the 400MW it is working to deploy at the Benban solar complex, in the Aswan governorate.

The plant features bifacial panels supplied by LONGi; the same technology will be added to the five remaining farms, with plans for the construction of all to conclude in H2 2019.

All six are backed through 25-year PPAs with the Egyptian government and will generate a combined 870GWh of clean power, equivalent to CO2 cuts of 350,000 tonnes.

Banks bullish on bifacial

Scatec Solar’s 400MW bifacial project required US$450 million in investment, US$335 million of which was supplied by the EBRD, the UN’s Green Climate Fund, Dutch development institution FMO and the Islamic Development Bank.

Speaking to PV Tech last month, the EBRD explained its involvement in the Scatec Solar venture rests on a belief in the potential of bifacial applications across high-irradiation, high-reflection Middle East countries.

Ahmad El Mokadem, principal banker at the development institution, said bifacial’s benefits outweigh its typically higher costs but acknowledged risks do exist; the technology’s untested nature means little is known about the impacts of overheating of dual structures, he noted.

El Mokadem explained EBRD’s confidence in the project was driven by Scatec Solar’s track record and the use of “very conservative” energy yield estimates in the contract. Asked whether the bank had financed against front-generated – but not back – power, he said the arrangements were “very similar” to that description.

4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.
11 October 2022
PV CellTech Extra will be held as a series of live webinars and on-demand sessions on 11-13 October 2022. We'll be taking a slightly further forward-looking view at the technologies and roadmaps for new cell architectures set to dominate mass production during 2023-2025 with special emphasis on the potential timelines for technologies beyond the single-junction cell design, including perovskite and hybrid concepts.
29 November 2022
PV ModuleTech EMEA in Madrid on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.

Read Next

September 22, 2022
Qcells has heightened its commitment to the global solar supply chain as its parent company, Hanwha Solutions, increases investment in clean raw materials.
September 22, 2022
Wood Mackenzie has repeated warnings that module supply shortages are set to persist until the end of 2023.
September 20, 2022
From module makers and BOS producers to utility-scale developers and community solar companies, the Inflation Reduction Act (IRA) has taken centre stage at this year’s RE+ in Anaheim, California.
September 19, 2022
California Governor Gavin Newsom has signed a proposed community solar programme into law that will help low income communities benefit more from solar PV.
September 15, 2022
The European Parliament has backed plans to increase the European Union’s (EU) renewable targets as it grapples with the fallout of the war in Ukraine and the rampant energy crisis.
September 14, 2022
US utility-scale service provider Borrego has launched a new solar and battery storage procurement marketplace and optimisation solution called Anza.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 27, 2022
15:30 AEST (UTC +10)
Solar Media Events
October 4, 2022
New York, USA
On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)