SWREL joint venture secures $560 million solar project in Egypt
after close1 source ↓written by the desknot a recommendation
- with Hassan Allam
- 50:50 joint venture
- contract
- $560 million
- will feature
- 1,000 MWac solar plant
- 600 MWh battery storage system
Sterling and Wilson Renewable Energy Limited (SWREL), in a 50:50 joint venture with Hassan Allam Construction, has won a $560 million contract for the West Minya Solar Power Project in Egypt. The project will feature a 1,000 MWac solar plant and a 600 MWh battery storage system. This significant development enhances Egypt’s renewable energy capacity and grid stability.
Not investment advice. For informational purposes only.