ib vogt breaks ground on 166,5 MWp solar power in the second round of Egypt''s FiT programme
At the end of January, ib vogt commenced construction of a portfolio of three additional solar power plants with a total capacity of 166.5 MWp in Benban, Aswan Governorate, Egypt
(PresseBox) - Project developer, investor and acting EPC contractor ib vogt has begun the construction of a portfolio of three solar power plants with a joint total capacity of 166.5 MWp, awarded under the second round of Egypt?s Feed-in Tariff (FiT) programme. These are the first plants to begin construction in this round. Construction of two of the solar power plants started at the end of January 2018 and building of a third plant will begin at the end of February 2018. The three projects extend over a total area of 270 ha, on which approximately 500,000 solar modules will be mounted on horizontal tracking systems. When the projects are completed in early 2019, over 400,000 MWh of electricity will be produced each year ? enough to supply approximately 55,000 homes and save 178,000 t of CO2 emissions annually. Once connected to the grid, the solar power generated by these installations will be supplied to the state-owned Egyptian Electricity Transmission Company (EETC) on the basis of a 25-year power purchase agreement (PPA).
?Following the successful construction and energisation of our 64 MWp Round 1 project in Egypt we are pleased to announce the commencement of the build-out of our next 3 plants in this series and are proud that these are the first of the Round 2 projects. We ? together with our local partners ? have demonstrated our strong capabilities to manage the complex issues in building these projects in Egypt, incorporating all stakeholder, local community and local specific requirements to deliver the projects. We would like to thank all of our partners, stakeholders, authorities and the community of Benban for their strong support and look forward to contributing to the success on the important Round 2 programme in Egypt.?
Including the operational round one project our overall portfolio within the Benban solar development complex will total 230.6
The project partners ? an international conglomerate consisting of ib vogt, Infinity Solar, Phoenix Energy and BPE Partners ? achieved financial close at the end of October. Debt financing amounting to USD 146 Million was secured for these projects. For the ?BSEP 50? and ?MMIDhe financing for the ?Phoenix 50? project.
ib vogt is acting as EPC and operation and maintenance (O&M) contractor for these projects.
Established in 2002, ib vogt GmbH specialises in the development, design & engineering, financing, EPC, operation & maintenance and asset management of solar power plants. The company provides high-quality turnkey solar pow-er plant solutions, designed and engineered in Germany, to end investors internationally.
As a manufacturer-independent integrated developer, the company focuses on tailor-made solar power plant solu-tions that maximise lifecycle performance and investor returns.
Since 2009 the family-owned company has realised plants with a total rated capacity of over 680 MWp worldwide and is currently in the process of constructing a multi-hundred MWp order backlog for 2018/2019. The company is active in numerous markets across the globe and is additionally progressing a multi-GW Project pipeline across a number of OECD and developing markets from 2019 onwards.
The company operates internationally from its headquarters in Berlin, Germany and offices in the United Kingdom, the USA, Australia, Panama, Poland, India and South East Asia, as well as several joint ventures across Africa.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Established in 2002, ib vogt GmbH specialises in the development, design&engineering, financing, EPC, operation&maintenance and asset management of solar power plants. The company provides high-quality turnkey solar pow-er plant solutions, designed and engineered in Germany, to end investors internationally.As a manufacturer-independent integrated developer, the company focuses on tailor-made solar power plant solu-tions that maximise lifecycle performance and investor returns.Since 2009 the family-owned company has realised plants with a total rated capacity of over 680 MWp worldwide and is currently in the process of constructing a multi-hundred MWp order backlog for 2018/2019. The company is active in numerous markets across the globe and is additionally progressing a multi-GW Project pipeline across a number of OECD and developing markets from 2019 onwards.The company operates internationally from its headquarters in Berlin, Germany and offices in the United Kingdom, the USA, Australia, Panama, Poland, India and South East Asia, as well as several joint ventures across Africa.
Datum: 14.02.2018 - 03:00 Uhr
Sprache: Deutsch
News-ID 1532582
Anzahl Zeichen: 4305
contact information:
Contact person:
Town:
Berlin, Benban/Egypt
Phone:
Kategorie:
Lifestyle & Leisure
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 374 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ib vogt breaks ground on 166,5 MWp solar power in the second round of Egypt''s FiT programme
"
steht unter der journalistisch-redaktionellen Verantwortung von
ib vogt GmbH (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
