Acciona plans to develop 150MW solar power plants in Egypt

20/10/2017 15:01 Solar


Acciona Energía, a subsidiary of the Spanish company Acciona, will develop three $180m solar photovoltaic (PV) plants with a total capacity of 150MW (186 MW-peak) in Egypt. These will require an investment of approximately $180 million.

Acciona Energía will build and share the project 50-50 with its partner Swicorp (Saudi Arabia) which will be represented by Enara Bahrain Spv Wll, its renewable energy platform.

According to Acciona Energía, the three identical PV plants record its first green energy project in Egypt, which will be situated in the Benban complex in the Aswan region.

Acciona Energía CEO Rafael Mateo said: “We are very pleased to increase our presence in an area with great potential in the long run for the renewable energy sector as is North Africa, working with such reputable partner as Swicorp”

The construction of the power plants could start in December 2017, while their operations are expected to begin in December 2018.


The three solar plants will produce enough energy to meet the electricity demand of around 150,000 Egyptian households. At the same time, they would reduce 297,000 tonnes of CO2 emissions.


Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

21/11/2017 10:41:00

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.


252 chargers for electric vehicles until 2020 will be provided within NEXT-E project

20/11/2017 16:35:00

NEXT-E project will supply 222 fast (50 kW) and 30 ultra-fast (150-350 kW) chargers for electric vehicles for Czech Republic, Slovakia, Hungary, Slovenia, Croatia and Romania by the end of 2020, as reported by Balkan Green Energy News.


Luxembourg to become a European funding center for renewables

20/11/2017 16:21:00

At the COP23 summit held in Bonn, Luxembourg’s finance and environment ministers met directors of the European Investment Bank to discuss about the institution of a de-risking mechanism to allow the financial backing of ecologically-friendly projects. Luxembourg is a very small country but releases a big amount of emissions and wants to become less polluting.