PROJECT

Projects

Summary of Investment Information

Project Number

39995

Company Name

SunRise Energy S.A.E

Date SPI Disclosed

Jun 15, 2017

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Jul 31, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 30, 2022

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Jul 20, 2017
Signed : Oct 12, 2017
Invested : Jun 8, 2018

Sector

Solar - Renewable Energy Generation

Project Description

The project is a greenfield 50 MW photovoltaic (PV) plant as part of Round 2 of the Egyptian Government feed-in-tariff (FiT) scheme for domestic solar PV and wind energy projects. The project is being developed by a Special Purpose Vehicle (SPV) owned by a Joint Venture (JV) consortium of Acciona Energía Global and ENARA Bahrain (consisting of Swicorp, KCC Corporation and the Shoaibi Holdings) and TBEA Xinjiang SunOasis.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation