After three years of work, construction of one of the largest solar parks in the world is now complete and all its plots are now operational, the European Bank for Reconstruction and Development (EBRD) said on 24 October.
According to the Bank, Benban, in Egypt’s Aswan desert, extends over 37 square kilometres and will generate 1.5 GW, enough to provide renewable energy to more than 1,000,000 homes.
The EBRD took a major step forward to support the rollout of renewable energy in Egypt in 2017 with the approval of a $ 500 million framework to support the development of Benban.
The EBRD said is proud to be the project’s largest financier, having supported 16 of the 32 plots, all of which are now connected to the national grid.
This project is supported by the Green Climate Fund, the European Union and the donors to the SEMED MDA (Australia, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden, Spain, Taipei China and the United Kingdom), the EBRD said.