SP Energy (Egypt) SAE
Project disclaimer
Description
Our investment supports the Nubian Suns project, which will construct 13 solar power plants at the Benban Solar Park in Egypt (our investment spans nine of the 13 projects for a total capacity close to 400 megawatts). Estimates suggest that 18 per cent of Egypt?s power capacity is inaccessible due to poor maintenance. The Egyptian Government has set a target to generate 20 per cent of its power production originating from renewable sources by 2022. Nubian Suns plays a central part in a programme which is introducing international investors and banks to Egypt at a crucial time for the country. The initiative is aimed at lowering Egypt?s cost of electricity generation, reducing the dependence on imported fossil fuels, and providing essential energy harnessed from a clean and renewable resource.
Location
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Status Implementation
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Programme Spend
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Budget
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