French utility EDF Energies Nouvelles has teamed up with local outfit Elsewedy Electric Group to build and operate two solar projects totalling 100MW in Egypt.
Financial close was reached on 25 October for the photovoltaic plants, which are part of the 1.8GW Benban solar complex in the south of the country.
Construction is expected to start in the first quarter of 2018 following the approval of the Egyptian authorities.
The projects have been developed under round two of the Egyptian feed-in tariff programme and will benefit from a 25-year power purchase agreement with the Egyptian Electricity Transmission Company.
EDF Group senior executive vice president for renewable energies and president and chief executive of EDF EN Antoine Cahuzac said: “The Benban solar project ties in with the EDF Group’s goal of doubling its renewable capacity in France and worldwide by 2030 under its CAP 2030 strategic plan.”
Image: Acciona
EDF to add shine in Egypt
French outfit partners with Elsewedy Electric to build 100MW solar duo
By EBS