Scatec Solar and Benban Solar Park in Egypt – realizing...
Transcript of Scatec Solar and Benban Solar Park in Egypt – realizing...
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Scatec Solar and Benban Solar Park in Egypt – realizing the largest solar PV project in AfricaMorten Langsholdt, Country Manager EgyptDecember, 2017
Our values• Predictable• Driving results• Changemakers• Working together
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Egypt set to host the world’s largest solar PV park
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# POWER PLANTS
32
APPROX. FDI INFLOW
>3B USD
# FOOTBALL FIELDS>5000
INSTALLED CAPACITY1650 MW
AVOIDED GHG EMISSIONS
>2M TONS/YR
Ben Ban
Cairo
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Scatec Solar – the largest solar investor in Egypt
• Scatec Solar with Egypt’s largest solar portfolio –the largest contributor in Benban, Upper Egypt:
• Scatec Solar is one of the largestdevelopers and operators of solar PV plants in Africa
• Active in Egypt since 2014 – local officeacts as regional hub for MENA
• Scatec Solar & Partners in Benban: • Compliance with Equator Principles and
IFC performance standards• Unique model of sustainable collaboration
with authorities and other solar PV developers in BenBan
• Water-efficient methods of construction and operation & maintenance
• 6 projects connecting to grid 2018-2019
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SCATEC SOLAR PROJECT FACTS• Capacity: 400 MWp• Six projects co-located in Aswan area, Upper Egypt• 25 year PPA signed with EETC• Project Cost approx. USD 450 mill• Estimated production: 870 GWh/year• Debt finance from EBRD, ISDB, ICD, Green Climate Fund• Major co-sponsors: Norfund and Africa 50• Will avoid about 350,000 tons of CO2 emissions per year
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Our values• Predictable• Driving results• Changemakers• Working together
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