Winnergy Solar will be owned by Al Tawakol (51%), Enerray (25%), Desert Technologies (15%), and Spectrum (9%).  

Al Tawakol Electrical Company is part of Al Tawakol Group that encompasses diversified businesses across the Middle East with operations in electrical solutions, real estate development and tourism.  Founded in 1975 by Lotfy Tawakol and Rami Tawakol, the company started as a trading company and local representatives of international brands.  Nowadays, the company provides integrated electrical solutions including low voltage components and control panels, medium voltage and transformers, lighting products, and engineering & electric contracting.  Al Tawakol is also the local partner of Schneider Electric in Egypt.

Enerray, founded in 2007 and fully owned by SECI Energia, is focused on design, development and management of medium and large photovoltaic power plants, both for its own plants and plants owned by third parties. In Italy, it is considered one of the leading national players in the EPC and O&M business in the PV sector. EPC and O&M services of Enerray are based on a well-established and continuously growing experience, with a total portfolio (built and under construction) of more than 600MWp.

Desert Technologies is a Saudi Arabian company operating in the renewable energy sector. Its capabilities range from manufacturing to power generation, project development and EPC contracting. The company was founded in 2012 with the purchase of the amorphous silicon module production lines, intellectual property and R&D labs of EPV Solar, the manufacturing division of Empower Energies. In February 2014, DT acquired a 100MW crystalline silicon assembly line and started installation in Jeddah, Saudi Arabia.gies. In 2013, through a strategic partnership with the Maccaferri Group, DT expanded its capabilities beyond manufacturing into power generation project development and EPC contracting.

Headquartered in Jordan, Spectrum offers small scale RE and energy efficiency solutions to its residential and commercial customers, with 600kW installed and 30MW of projects in its pipeline.  Spectrum is strategically moving into the utility scale projects and this investment in Winnergy Solar is a step towards that goal.  The company is owned by Eqbal Investment, a publicly listed holding company in the Amman Stock Exchange, mainly focused on tobacco manufacturing.  Eqbal Investments had US$179 million in asset and US$201 million revenues in 2016.

The total project cost is up to US$48 million with an IFC A loan of up to US$12 million and syndications of up to US$26.4 million, and the balance covered by equity.

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability as the E&S impacts associated with the project are limited, generally project-specific and can be addressed through the implementation of good international industry practices.  As the project is part of a larger development there are potential cumulative environmental and social impacts associated with the construction, and to a lesser degree the operational and decommissioning phases, which need to be managed in a coherent and coordinated manner.  In order to address these cumulative impacts, the sponsors have joined the Benban Developers Association (BDA).  EETC, in coordination with the BDA and NREA, will appoint a FMC to manage these common facilities and issues and be responsible for the development and implementation of the ESHS management plans for the Benban PV solar park.  This approach will assist in ensuring that ESHS risks are managed consistently by Benban PV developers, and that there is a well-managed and coordinated response to overarching cumulative issues such as occupational health and safety, transport /traffic management, security, community engagement and corporate social responsibility, and labor, worker welfare, waste management and accommodation, among others.