thousand households served
thousand tons of CO2 emissions avoided annually
+ jobs created during construction
Benban, Egypt
Africa50-Project Finance
Scatec Egypt is a 400 MWDC portfolio of six utility scale solar power plants, developed under Round 2 of the Egyptian feed-in tariff (FiT) program. The plants are located at the Benban site allocated by the Egyptian government to accommodate 41 FiT projects. The power is sold to the Egyptian Electricity Transmission Company under a 25-year power purchase agreement.
The Benban Solar Park site has excellent solar resources and interconnection facilities funded under a cost-sharing agreement. Benban’s links to the infrastructure of the Aswan Dam will help combine hydro, wind, and solar power.
thousand households served
thousand tons of CO2 emissions avoided annually
+ jobs created during construction
Africa50 is a project development and long-term equity partner (25%).
Africa50, Scatec Solar and Norfund. Senior debt is provided by the European Bank for Reconstruction and Development, the Islamic Development Bank, and the Islamic Corporation for the Development of the Private Sector.
The production of 870 GWh per year of clean energy is expected to avoid 350,000 tons of CO2 emissions, helping Egypt meet its climate commitments.