Egypt to construct new solar power plant in Aswan’s Benban Complex for US$127 million

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The EBRD and DEG announced financing of up to US$127 million for a solar power plant with battery storage at Egypt’s Benban solar complex in Aswan. The project will expand renewable electricity generation and storage capacity.

The European Bank for Reconstruction and Development (EBRD) and the German development finance institution DEG announced a joint financing package of up to US$ 127 million for the construction of a solar power plant equipped with a battery energy storage system at Benban complex in Aswan. The EBRD’s share of the financing amounts to $ … The post Egypt to construct new solar power plant in Aswan’s Benban Complex for US$127 million appeared first on Egypt Independent.