Globeleq, Africa’s leading independent power and energy transition company, has acquired a 48.3% equity stake in Egypt’s 25 MW Winnergy solar PV plant from Enerray and Desert Technologies. Winnergy, operational since 2019, is located in Egypt’s Benban Solar complex, adjacent to Globeleq’s ARC solar plant. GILA Altawakol Electric remains a co-shareholder and manages operations and maintenance. Winnergy, launched under Egypt’s Feed-in-Tariff program, began operations in 2019, generating around 58 GWh annually. It supplies clean electricity to the Egyptian Electricity and Transmission Company, powering approximately 13,600 households and averting 30,000 tonnes of CO2 emissions yearly. Financing for Winnergy was secured from the International Finance Corporation, British International Investment, the Asian Infrastructure Investment Bank, and Europe Arab Bank.
Globeleq acquires stake in Egypt solar plant
Globeleq has completed acquisition of 48.3% stake in Egypt’s Winnergy solar plant. (Image Credit: Globeleq)
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)