Sungrow obtains inverter order for 200-MW solar project in Egypt

• China's Sungrow Power Supply Co Ltd (SHE:300274) stated today it has signed an inverter supply contract for the 200-MW Kom Ombo solar project in Egypt.

Sungrow will deliver its 250-kW inverter option for the USD-160-million (EUR 132.5 m) plant that will certainly be built within the desert area of Kom Ombo community in the Aswan Governorate. The project is being developed by Saudi renewables firm ACWA Power and will certainly be created by Sterling and also Wilson Solar Ltd (BOM:542760), or SWSL.

The government of Egypt as well as ACWA Power sealed a 25-year power purchase agreement (PPA) for Kom Ombo in October 2019. The Government Assurance was checked in January 2021 as well as the last project agreements, consisting of the Network Connection Contract (NCC) as well as Usufruct Agreement (UA), were tattooed in April, the news says.

The solar plant is attended begin business procedures in the 3rd quarter of following year. It will certainly have the ability to generate some 650 GWh of electrical power each year that will be enough to supply concerning 130,000 homes.