egypt

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.

145MW project planned on a West Java reservoir is the UAE energy giant's first foray in Southeast Asia and significantly outsizes other floating PV ventures in the region.

Al Nowais Investments subsidiary also pens agreement for 500MW wind project in Aswan having bagged 50MW PPA in Togo last month.

EDF Renewables invests to acquire undisclosed share in local firm managing 170MW portfolio of solar projects in operations, under construction and advanced development.

The 200MW project n Egypt’s West Nile province will be one of Egypt’s largest solar parks, not far from the Benban solar complex and construction is expected to start in 2021.

The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.

The fresh funding wraps up a summer of global expansion for the Norwegian firm, with utility-scale projects switched on in Ukraine, Egypt, Mozambique and Malaysia.

The Norwegian developer also switched on 65MW of new capacity in Egypt's giant Benban complex this week.

Complex near Aswan witnesses commissioning of 130MW duo by Elsewedy Electric and EDF plus 65MW latest bifacial batch by Scatec Solar and partners.

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.