Acciona, Swicorp to set up USD180mln solar project in Egypt
(MENAFN) A leading Spanish company in providing sustainable solutions for infrastructure and renewable energy projects will establish three solar facilities at the Benban complex in the Upper Egypt governorate of Aswan in partnership with the Saudi company Swicorp.
Each of Acciona and Swicorp will own 50 percent of the facilities.
The two companies will invest around USD180 million in the projects, which are being developed under the second phase of Egypt's feed-in-tariff (FIT) scheme at the 1.8 GW Benban solar complex.
The Span-based renewable energy developer has commenced construction works on three large-scale photovoltaics (PV) power plants in Egypt in cooperation with the Saudi firm.
Each of Acciona and Swicorp will own 50 percent of the facilities.
The two companies will invest around USD180 million in the projects, which are being developed under the second phase of Egypt's feed-in-tariff (FIT) scheme at the 1.8 GW Benban solar complex.
The Span-based renewable energy developer has commenced construction works on three large-scale photovoltaics (PV) power plants in Egypt in cooperation with the Saudi firm.
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