EDF Renewables invests to acquire undisclosed share in local firm managing 170MW portfolio of solar projects in operations, under construction and advanced development.
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 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.
Firm breaks ground on 148MW plant in former Soviet state, links second 65MW bifacial unit at Benban complex and signs deal for 33MW farm by river Niger.
Developer links first 65MW of 400MW project at Benban complex, with panels supplied by LONGi and funded by development players keen on bifacial tech.
Firms to each own half of 186MWp capacity (150MW rated) built with US$180 million investment at government-sponsored Benban complex.
Gamesa Electric is to supply 66 PV inverters to 400MW of capacity being set up by Scatec Solar at the Benban solar park in Egypt.
French renewable energy company Voltalia has started construction of the 32MW Râ Solar project, its first solar power plant in Africa, located in the Ben Ban solar park, in Aswan region, Egypt.
Streamlining red tape, ditching subsidies for bill payers and improving investment conditions could see Egypt become a multi-GW market for solar.
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.
Acwa Power has contracted China’s Chint Group to provide EPC services for three solar PV plants totalling 165.5MW at the Benban Solar Park in Aswan, Egypt.
ACWA Power has reached financial close on three solar PV projects under round two of Egypt Feed-in-Tariff program II – with the three installations boasting a generation capacity of 165.5MW.
The International Finance Corporation (IFC) has finalised a US$653 million debt package for 13 solar projects at the Benban Solar Park, near Aswan in Egypt.
Scatec Solar and its partners have reached financial close for six PV projects in Egypt with a combined generation capacity of 400MW.