London-based Globeleq has actually gotten a 48.3% stake in the 25 MW Winnergy solar plant in Egypt’s Benban Solar complex. It will now comply on the management of possessions and the operation of the center with Egyptian producer GILA Altawakol Electric. 19659002 April 24, 2024 Patrick Jowett 196590041200″ height=”683″ src=”https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-1200×683.jpg” alt decoding=”async” fetchpriority=”high” data-attachment-id=”90511″ data-permalink=”https://www.pv-magazine.com/2019/08/30/scatec-reaches-commercial-operation-for-another-112-mw-of-capacity/dcim100mediadji_0054-jpg/” data-orig-file=”https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban.jpg” data-orig-size=”2400,1366″ data-comments-opened=”1″ data-image-meta=”aperture19459026:1945902611,credit19459026:,19459026camera:FC631019459026,caption:19459026DCIM100MEDIADJI_0054.JPG,19459026created_timestamp:1556727246,19459026copyright:19659006,focal_length:8.8,19459026iso:1945902610019459026,shutter_speed:0.00519459026,19459026title19459026:DCIM100MEDIADJI_0054.JPG,19459026orientation:19459026119459026 R_SQUARE_B.” data-image-title=”Scatec_Benban_Egypt_Bifacial_tracking” data-image-description data-image-caption=”19459003Egypt’s Benban Solar complex19459004″ data-medium-file=”https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-600×342.jpg” data-large-file=”https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-1200×683.jpg”> < img width="1200"height ="683"src ="https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-1200x683.jpg"alt decoding ="async"fetchpriority ="high"data-attachment-id =" 90511 "data-permalink ="https://www.pv-magazine.com/2019/08/30/scatec-reaches-commercial-operation-for-another-112-mw-of-capacity/dcim100mediadji_0054-jpg/"data-orig-file ="https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban.jpg"data-orig-size ="2400,1366"data-comments-opened =" 1"data-image-meta ="19459026 aperture : 11 19459026, 19459026 credit 19459026: 19659005, cam 19459026: FC6310 , 19459026 caption : 19459026 DCIM100MEDIADJI_0054. JPG 19459026, 19459026 created_timestamp : 1556727246 19459026, copyright 19459026: 19659006, focal_length : 8.8 , 19459026 iso : 19459026 100 19459026, shutter_speed : 19459026 0.005 , title 19459026: DCIM100MEDIADJI_0054. JPG 19459026, 19459026 orientation 19459026: 19459026 1 " data-image-title="Scatec_Benban_Egypt_Bifacial_tracking"data-image-description data-image-caption =" Egypt's Benban Solar complex 19459004 data-medium-file ="https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-600x342.jpg"data-large-file ="https://www.pv-magazine.com/wp-content/uploads/2019/08/Scatec_Benban-1200x683.jpg"> Egypt’s Benban Solar complex 19659008 Image: Scatec Solar Globeleq, a UK-based independent power business, has actually obtained a 48.3%stake in a 25 MW solar plant in 19459015 Egypt 19659011 The Winnergy solar plant, which has actually functioned because 2019, lies in Egypt’s gigawatt-scale Benban Solar complex 19459009, and is surrounding to Globeleq’s 66 MW ARC solar plant. 19659012 Globeleq purchased the stake from Enerray, Enerray Global Solar Opportunities, and Desert Technologies. It is now the co-shareholder of the Winnergy center along with Egypt’s GILA Altawakol Electric. The 2 celebrations will work together on the operation of the plant. The Winnergy plant was established as part of the 2nd round of the Egyptian federal government’s feed-in-tariff program. Under a 25-year power purchase contract with Egyptian Electricity and Transmission Co. ( 19459017 EETC , it supplies roughly 58 GWh of tidy electrical power each year, or enough to offer power to around 13,600 property customers. 19659014 Popular material 19659015 “The addition of Winnergy is an excellent fit with our existing portfolio as we pursue extra chances in Egypt throughout green hydrogen and ammonia, solar, wind and desalination,” stated Globeleq CEO Mike Scholey. 19659016 British Ambassador to Egypt Gareth Bayley stated that Globeleq’s acquisition shows how British business can support Egypt’s energy method. The Egyptian federal government has actually set a target of reaching 42 % of tidy energy in its nationwide mix by 2035. 19659017 Globeleq obtained a 75 % stake in a solar plant in Mozambique in December 2023 and has actually considering that finished a 19459022 $ 37 million restructuring 19459009 of 2 solar plants in South Africa. This material is safeguarded by copyright and might not be recycled. If you wish to work together with us and wish to recycle a few of our material, please contact: editors@pv-magazine.com 19459009 19659019 Learn more 19459009
Globeleq acquires stake in 25 MW Egyptian solar plant
