Arabian Cement Company (ACC) has sealed a deal to generate energy by the use of solar energy as part of the energy mix powering its Suez plant in cooperation with Solarize Egypt, making it the first company in Egypt to take the lead in revolutionizing the cement industry.
ACC has signed an agreement with Solarize Egypt to establish a SPV (Solar Photovoltaic) solar energy plant at its plant in Suez Governorate financed by QNB AlAhli under EBRD-Green Economy Program. With investments worth EGP100 million (US$5.66 million), the solar energy unit is expected to generate over 14 GWh year; producing up to 4% of the total power supply of ACC’s plant for 25 years. The solar PV plant will be constructed over an area of 96,000sqm.
The unit is expected to start operating by the second quarter of 2019; saving significant amounts of the plant’s electricity expenses incrementally every year.
Country updates
-
-
January 28, 2019
30 MW solar project goes live in Egypt
The first of 16 solar plants financed by the European Bank for Reconstruction and Development (EBRD) at the Benban solar park in Egypt is now fully constructed and connected to the national electricit...
Read more -
December 29, 2018
Siemens Gamesa secures inverter supply contract for 400 MW solar PV project in Egypt
Gamesa Electric, a unit of Siemens Gamesa Renewable Energy, S.A., is to supply inverters to 400 MW of capacity being set up by Scatec Solar at the Benban solar park in Egypt. The portfolio includes&n...
Read more -
November 08, 2018
Voltalia begins construction of 32 MW solar PV project in Egypt
Voltalia started construction of Râ Solar, its first solar power plant in Africa. The 32 MW facility is located in the Benban complex, in the Aswan region (Upper Egypt). The project will benef...
Read more -
November 06, 2018
GES to build 263 MW wind farm in Egypt
GES is already working on the installation of a 263 MW windfarm 25 km from Ras Ghareb (Egypt). This is a three phases project that will be executed during the remaining of 2018 and the first half year...
Read more -
October 26, 2018
250 MW wind project in Egypt seeks financing from EBRD and IFC
Both the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have disclosed that they are considering providing loans to a 250 MW wind project in Eg...
Read more
