Utilities Middle East

Benban PV park

Ib Vogt GmbH has arranged the sale of its stake in the 64.1-MWp Infinity 50 photovolta­ic (PV) park in Egypt to Masdar.

-

The PV plant is located in Egypt’s sprawling Benban solar complex, where German solar developer, Ib Vogt, has stakes in three more parks with a combined capacity of 166.5 MWp. Parallel to the sale of Infinity 50, Ib Vogt has signed agreements of intent with Masdar to dispose its shareholdi­ngs in the three solar parks at Benban. Commission­ed in early 2018, the Infinity 50 plant was the first large-scale PV park built in Egypt. It was also the first completed park at the site of what would eventually become the 1,650-GW Benban solar complex in Aswan Governorat­e. Ib Vogt developed and built the project in partnershi­p with Egyptian company Infinity Energy SAE and secured a 25-year power purchase agreement (PPA) for the plant’s output in Egypt’s feed-intariff round 1 programme.

Newspapers in English

Newspapers from United Arab Emirates