NREA Zaafarana Solar PV Park is a 50MW solar PV power project. It is planned in Red Sea, Egypt. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2022.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 50 | – | 50 | Permitting | Red Sea, Egypt | Belectric Solar & Battery; Consolidated Contractors |
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Description
The project is being developed by Belectric Solar & Battery and Consolidated Contractors. The project is currently owned by New and Renewable Energy Authority with a stake of 100%.
NREA Zaafarana Solar PV Park is a ground-mounted solar project.
The project is expected to generate 90,000MWh electricity to offset 50,000t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $44.767m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2022.
Power Purchase Agreement
The power generated from the project will be sold to Egyptian Electricity Transmission under a power purchase agreement for a period of 25 years, starting from 2022.
About Belectric Solar & Battery
Belectric Solar & Battery GmbH (BELECTRIC), is a renewable energy company engaged in the development and construction of utility scale solar power plants and energy storage systems. The company manufactures, designs, and constructs photovoltaic rooftop installation systems for solar-projects and ground-mounted solar power plants; energy storage solutions for grid application; hybrid PV solutions for use of existing conventional energy resources; high voltage applications and installations; grid analysis and control systems; monitoring and support services, project design and planning; operations and maintenance support services. BELECTRIC has project development operations in India, Chile, Italy, France, Canada, Spain, Australia, Chile, Israel, and the US. It operates as a subsidiary of Innogy SE. BELECTRIC is headquartered in Schweinfurt, Germany.
About Consolidated Contractors
Consolidated Contractors Co (CCC) is a project management, engineering, procurement, construction and maintenance services provider. CCC carries out buildings and civil engineering works, heavy civil construction, mechanical engineering, marine works and offshore installations projects. The company executes projects through turnkey engineering, procurement, construction (EPC) package contracts; reimbursable contracts; convertible and lump sum turnkey contracts; build, own, operate and transfer; design and build and re-measurable types of contracts. It serves oil and gas, petrochemical, power, water and sewage treatment, aviation, marine and commercial construction sectors. The company has presence in countries across the Middle East, Africa, Europe, CIS countries, Australia, Papua New Guinea and others. CCC is headquartered in Athens, Greece.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
