Project Insights
Summary: ACCIONA Energía will build and own three identical photovoltaic plants in a 50-50 alliance with its partner in the region Swicorp (Saudi Arabia) using its Renewable Energy Platform, Enara Bahrain Spv Wll (“ENARA”). Their total rated capacity will be 150 megawatt (186 MW-peak) and the project will represent a total investment of approximately 180 million US dollars. Located in the Benban complex created by the Egyptian Government in the region of Aswan, it will be ACCIONA Energía’s first renewables project in Egypt.
The three projects come under a feed-in tariff regime set up by the Egyptian Administration in call for tender Round 2, launched in October 2016. Overall, they will produce clean energy equivalent to the consumption of around 150,000 Egyptian homes, avoiding the emission of 297,000 tonnes of CO2 from fuel-oil power plants every year.
Client: New and Renewable Energy Authority (NREA)