Search

Africa-focused independent power producer Globeleq has acquired a 48.3% stake in a 25-MWp solar plant within the Benban Solar Park complex in Egypt. The stake was purchased from Enerray, Enerray Global Solar Opportunities, and Desert Technologies, with local firm GILA Altawakol Electric remaining a co-shareholder and operations contractor. The Winnergy solar farm, launched in 2019 near Aswan, generates 58 GWh of clean electricity annually for the Egyptian Electricity and Transmission Company under a 25-year power purchase agreement.The project was developed as part of Egypt's Feed-in-Tariff program and financed by the IFC, BII, AIIB, and Europe Arab Bank. Globeleq, controlled by British International Investment with Norfund as a minority shareholder, has been investing in Egypt for two decades. The Winnergy plant is adjacent to Globeleq's 66-MWp ARC solar facility, further solidifying the company's presence in the Egyptian renewable energy sector. What stake did Globeleq acquire in the Benban Solar Park complex in Egypt? Globeleq acquired a 48.3% stake in a 25-MWp solar plant within the Benban Solar Park complex in Egypt The stake was purchased from Enerray, Enerray Global Solar Opportunities, and Desert Technologies Local firm GILA Altawakol Electric remains a co-shareholder and operations contractor The Winnergy solar farm generates 58 GWh of clean electricity annually for the Egyptian Electricity and Transmission Company The project was developed as part of Egypt's Feed-in-Tariff program and financed by the IFC, BII, AIIB, and Europe Arab Bank Globeleq, controlled by British International Investment with Norfund as a minority shareholder, has been investing in Egypt for two decades The Winnergy plant is adjacent to Globeleq's 66-MWp ARC solar facility, further solidifying the company's presence in the Egyptian renewable energy sector.

SE has finalized three renewable energy acquisitions across Europe, Africa, and North America. The company has expanded its renewable portfolio by

clarity as pivotal for independent power producers. Qair operates in seven African countries with a 2-GW project pipeline. How Will Qair's Projects Impact

half of the world's population may live in water-scarce regions. Cities in Africa, China, and India are already facing this problem.   It's been found

landmark Inflation Reduction Act (IRA). In the Europe, Middle East and Africa (EMEA) region, multiple countries saw record-breaking investment including

in several markets, from microgrids in Asia as well as off-grid solar in Africa, to utility-scale projects in both North America and also Latin America. Yet

Fuss, elderly VP for European, Middle East and also North Africa sales and also service advancement at Pellucere, claimed the elevated power

like India, Bangladesh, Nepal, Singapore, Dubai as well as East & West

MW of off-grid renewables over the following years. Mali belongs to the West African Economic as well as Monetary Union (UEMOA). The company, that includes 8 West

African gold mine is preparing for a solar plant. Power producer Total Eren, mining operator Nordgold and Mauritius-based mining and industrial client

Agency, at 79 GW last year, compared to around 2.6 GW in neighboring South

it just recently shut a US$ 280 million money facility-- as well as South Africa. Under terms of the arrangement, the firm will remain to run as Mainstream,

The only continents which appeared to reveal little or no growth were Africa as well as Asia, though final figures may change that. " We release the main

greater than 2GW-- including solar plants in markets such as Brazil, South Africa and Tunisia. Ever since the company has developed a joint endeavor with

and has actually executed multiple projects in MENA (Middle East and North Africa) with a portfolio of around 2.2