Building Energy signed a MoU with Egypt’s New & Renewable Energy Authority (NREA) for two, 50-MW PV plants in Upper Egypt. The plants will be located in Benban and are expected to generate around 143 GWh per year.
Construction will start in mid-2016 and will last 12 months.
By means of a 25-year Power Purchase Agreement, the plants will be connected to the 220-kV high voltage line linking Aswan to Cairo satisfying the energy need of an estimated 50,000 homes.
Besides the Benban project in Egypt Building Energy is also the leader in a short-list consortium for the development of a 200 MW PV plant in KomOmbo. The company was also shortlisted for other large-scale PV projects in Jordan and boasts a sizable pipeline of projects in other countries like Saudi Arabia, Qatar, the United Arab Emirates and Kazakhstan.