Egypt’s Solar Park
Construction workers are building the Benban Solar Park, soon to be the biggest solar installation in the world, at a 37-square-kilometer plot near the southern city of Aswan.
The solar park, named after a Nile River village nearby, will house 32 power plants. The plants are expected to be powered up by mid-2019 and will produce a combined 1,650 megawatts of electricity which is enough to power hundreds of thousands of homes and businesses. The power injection will help to provide Egypt, a fast-growing economy, with clean energy, drive growth and fight poverty.
Benban’s far-reaching potential to increase Egypt’s energy generation capacity is one of the reasons the International Finance Corporation (IFC) and a consortium of other lenders pledged $653 million to support this project. The financing will help 13 private companies build and operate power plants at the site.