Scatec Solar finalises work on 390-MW portion of Benban cluster
Source: Scatec Solar (www.scatecsolar.com)
Oslo-based Scatec Solar ASA (OSL:SSO) have hooked to the grid all six 65-MW solar power plants it built in Egypt as part of the 1.8-GW Benban complex, it announced on Wednesday.
According to CEO Raymond Carlsen, the company has finalised the construction of all six plants in just over 16 months. They represent a combined capacity of 390 MW, all of which is tied to a 25-year power purchase agreement (PPA) with the government of Egypt. Together, they will produce an estimated 870 GWh each year and supply electricity to more than 420,000 Egyptian households.
Scatec Solar developed the projects alongside renewable energy investor KLP Norfund and infrastructure investment platform Africa 50.
The Benban cluster of solar parks is located near Aswan in Upper Egypt. Earlier this month, French renewable power producer Voltalia SA (EPA:VLTSA) announced the completion of the 32-MW Ra Solar plant, which is also part of that complex.