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 (17.07.2018): Brent crude price slumped by more than 4% on Monday, as Libyan ports relaunched

17/07/2018 12:01:00

Oil prices plummeted on Monday, as ports in Libya resumed their activity and traders count on a boost in supply from Russia and other producers. Brent crude tumbled by 4.6% to $71.84 a barrel, its lowest level since the middle of April. Meanwhile, WTI crude slumped by 4.2% to end at $68.06 a barrel.


Ireland becomes world’s first nation to divest from fossil fuels

17/07/2018 09:53:00

Ireland has voted to become the first country in the world to divest from fossil fuels.


Gazprom to commence development of Kharasaveyskoye field in 2019

17/07/2018 09:23:00

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.