BGS Solar Summit 2017 in Tunis: Generating PV value in emerging markets
Oslo, November 20, 2017: Scatec Solar’s Vice President of Project Development, Morten Langsholdt, presented today at the BGS Solar Summit in Tunis. Addressing the session “Delivering PV projects in the Middle East, Mr. Langsholdt discussed how Scatec Solar is generating and capturing PV value in emerging markets with a specific focus on the company’s project portfolio in Egypt.
400 MW portfolio in Egypt
With six projects totalling 400 MW, Scatec Solar is the largest contributor to the 1.8 GW solar park in Benban, Upper Egypt. Upon completion, the solar installation will be the largest in Africa and significantly increase access to clean and low-cost electricity to drive development and economic prosperity.
Through a unique model of sustainable collaboration with authorities and other solar PV developers in BenBan, Scatec Solar will act as a lead developer of the solar park installation. The six projects involve a total investment of USD 450 million. Construction is scheduled to commence in early 2018 and the projects are expected to employ about 1,500 workers at peak period.
A solid track record in emerging markets
Scatec Solar has a solid track record of developing and building PV solar plants globally, installing successfully more than 600 MW over 15 years. The company is currently operating 12 power plants across 5 countries and have over the last couple of months launched projects worth nearly USD one billion on three continents - Asia, Africa and South America.
The new solar projects in Brazil, Malaysia and Egypt totaling 758 MW are expected to generate about 1,500 GWh of electricity per year, avoiding more than 700,000 tons of carbon emissions annually. Most of the construction work has begun, which will generate thousands of local jobs. When the new power plants are in operation, Scatec Solar will hold a diversified portfolio with a capacity of more than 1,1 GW.
About the event
The 2nd Solar Summit by BGS Group brings together four emerging solar markets in one place: Middle East, North Africa, East Africa and West Africa – focusing on major challenges faced by the industry and the sharing of knowledge and experiences. The event represents a solid networking platform for key players and stakeholders of the industry.
Read more about the event here.