Infinity 50 64.1MW Solar Power Project

8/3/2017
Project development, Project finance

$ 126 million

Announced

8/3/2017


Overview:

  • Infinity 50 64.1MW Solar Power Project.
  • A consortium made up of Infinity Solar, ib vogt and Solizer - through the Infinity 50 for Renewable Energy SPV - is developing a new solar power plant at Benban in Aswan in Egypt.
  • The project includes 200,000 solar panels generating 64.1MW of electricity.
  • It is part of the wider Benban solar project, which is aiming at capacity of 1.86GW.
  • $126 million in financing for the project was provided by Bayerische Landesbank and Arab African International Bank backed by Euler Hermes.

Sam Duke - Editor

Jurisdictions:

Egypt
Germany
Netherlands
United Kingdom

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

England and Wales

Industry sector:

Energy


Firms:

Party: Bayerische Landesbank (Lender)

Party: Arab African International Bank (Lender)

Lawyer: Rasheed Kamel


Party: Bayerische Landesbank (Lender)

Party: Arab African International Bank (Lender)


Party: Infinity 50 for Renewable Energy (Borrower)


Party: Infinity 50 for Renewable Energy (Project developer, Borrower)