Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMarch 21 (Renewables Now) - Italian company Enerray SpA and UAE-based Desert Technologies Industries Co Ltd will install three solar parks in Egypt with a combined capacity of 116 MWp.
The two companies were part of the joint ventures that developed the projects and will now act as joint engineering, procurement and construction (EPC) contractors, Enerray said in a press release. The photovoltaic (PV) farms will be located in Aswan province's 1.8-GW Benban solar complex. Two of them will have capacities of 25 MWp each, while the third one will be of 66 MWp. Construction is slated to begin in April.
Enerray and Desert Technologies aim to commission the PV parks in the second quarter of next year. The partners will also operate and maintain the plants, which will operate under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company (EETC) at USD 71 per MWh.
The schemes were secured under round 2 of Egypt's feed-in tariff (FiT) programme and will be implemented with funds provided by the International Finance Corporation (IFC), the Asian Infrastructure Investment Bank (AIIB), CDC, the European Arab Bank (EAB) and the Green for Growth Fund.
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST