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.
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.
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.
