Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Egypt Signs Agreements To Develop 1.8 GW Solar Power Park

The Egyptian Ministry of Electricity this week took a major step towards the development of one of the largest solar power parks in the world.

A total of 11 project developers have signed agreements to develop projects that will form a part of the 1.8 GW solar power park planned for Benban, Aswan. This adds to the project development agreements already signed by the government with 24 other companies. An additional four companies are expected to sign agreements later, meaning a total of 39 companies will set up projects at the solar power park.

The 11 companies that recently signed project developer agreements include Enel Green, EDF, Access Building Energy, and Building Energy Alliance. Companies that had signed the agreement earlier included TAQA Arabia, Cairo Solar, Orascom, Lekela Power (a joint venture between Mainstream Renewable Power and Actis).

As part of the agreements, the companies will be required to pay certain amount for the construction of infrastructure including roads and substations. The companies will also have to may some additional payments towards the development of power evacuation infrastructure.

The solar power park is expected to be developed at a total cost of $3 billion. According to local media reports, the government will offer the projects for development to prospective developers through usufructs, meaning the land for the projects will likely be owned by the government, but that developers will be allowed to set up their projects and derive profits.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Fossil Fuels

Norges Bank Investment Management, which manages Norway's sovereign wealth fund, has made a powerful stance in favor of climate action.

Clean Power

A new technique for cooling solar panels has been under development in Egypt. A mixture of water, aluminum oxide, and calcium chloride hexahydrate cools...

Clean Power

In the interest of promoting the use of solar power across the world, the International Solar Alliance (ISA) has proposed an agreement to facilitate...

Clean Power

A new study from German Solar Association and the Becquerel Institute has concluded that with the right policies and support, Africa could be adding...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.