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    Benban Photovoltaic Complex

    In March 2018, ACCIONA Energía, the renewables subsidiary of ACCIONA Group, and Enara Bahrain Spv Wll (ENARA), the renewable energy platform of the Saudi company Swicorp, begun construction work on three photovoltaic plants in Egypt with a total a rated capacity of 150 megawatts (MW) - 186 MWp. The facilities, which will be owned at 50% by both companies when they entered service, represent an investment of around 180 million US dollars and are located in the Benban complex, set up by the Egyptian Government in the Aswan region. They represent the first renewables project by ACCIONA Energía in Egypt.

     

     

    The three projects come under the feed-in tariff system established by the Egyptian Administration in call for tender Round 2, published in October 2016. Overall, they will produce clean energy equivalent to the consumption of around 150,000 Egyptian homes and avoid the emission of 297,000 tonnes of CO2 per annum from fuel-oil power plants.

    The power generated will be supplied to the utility Egyptian Electricity Transmission Company (EETC) under a long-term PPA contract (25 years) governed by the conditions set in Round 2. Finance for the operation has been agreed with International Finance Corporation (IFC), a World Bank body, and with Asian Infrastructure Investment Bank (AIIB), both specialized in financing private projects in emerging countries.

    The construction work, which has already started, will last for an estimated 12 months until the start-up of the plants. Each one will be equipped with 190,774 polycrystalline silicon modules of Astronergy technology (Chint group), mounted on horizontal-axis tracking structures manufactured by STI Norland.

    GENERAL INFORMATION

    Location
    Benban, Aswan (Egypt).
    Total peak capacity
    186 MWp.
    Total rated capacity
    150 MW.
    Technoloy
    Solar PV on horizontal-axis tracking structures l.
    Start-up
    2019
    Ownership
    ACCIONA Energía (50%), Enara (Swicorp) (50%)

    Key Points

    • First ACCIONA's renewable facility in Egypt.
    • Ownership shared between ACCIONA (50%) and Enara Bahrain Spv Wll, renewable energy platform of Swicorp (50%)
    • Total investment around USD180m
    • Estimated average annual energy output: 963 GWh.
    • Clean energy enough to power 150,000 Egyptian homes.
    • The power generated will be supplied to the utility Egyptian Electricity Transmission Company (EETC) under a long-term PPA contract.
    • More than 297,000 tonnes of CO2 avoided from fuel-oil thermal power plants annually.
    • 572,322 solar modules in the three plants.

    IMAGE GALLERY



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