ACWA Power achieves financial close for 165.5 MWp of solar in Egypt
ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.
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Country news
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December 27, 2017
$400 million 250 MW wind project in Egypt reaches financial close
The consortium proposing to build a 250 MW wind farm in Ras Ghareb, Egypt have achieved financial close for the project. The estimated value of the wind farm is US$400 million.
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December 13, 2017
Tender for 600 MW solar projects released in Egypt
Egypt's Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company (EETC) have released a tender for 600 MW of solar photovoltaic (PV) capacity.
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November 09, 2017
EREN, Access announce fin close on 126 MWp in Egypt
EREN Renewable Energy (EREN RE) and Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126 MWp located in the Benban complex marking their official entry into the Egyptian renewable market.
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October 30, 2017
Scatec Solar closes financing for 400 MW in Egypt
Scatec Solar ASA (SSO) and partners have achieved financial close for six solar PV power plants in Egypt totaling 400 MW. A consortium of international Development Finance Institutions is providing a non-recourse project finance of US$335 million, which accounts for 75% of the capex.
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October 30, 2017
EBRD, GCF and FMO support 80 MW of Infinity solar projects in Egypt
The EBRD, the Green Climate Fund (GCF) and the Dutch Development Bank (FMO) are supporting the expansion of renewable energy in Egypt with a US$ 87 million syndicated loan to Infinity Solar Energy SAE for 80 MW solar facilities located at the Benban complex.
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