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Home > 50 MW Solar Project – Rising Sun SAE SPV

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50 MW Solar Project – Rising Sun SAE SPV

Rising Sun SAE 50 MW Solar PV project is located in Benban, Egypt.  This project was awarded Feed in Tarif (FIT) round II.  The project entailed incorporation of a new LLC company (special purpose vehicle) which will develop the 50 MW solar project. The SPV signed a 25-year long term Power Purchase Agreement with the Egyptian Electricity Company (EETC). The project is backed by Ministry of Finance for payment guarantees. The project reached financial close in Q3-2017 and started commercial operation in Q3-2019.

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