Eni Egypt Solar PV Park is a 250MW solar PV power project. It is planned in Egypt. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 250 | – | 250 | Announced | Egypt | Eni |
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Description
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The project is being developed by Eni and is currently owned by ENI International with a stake of 99.98%.
Eni Egypt Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $531.95m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About Eni
Eni SpA (Eni) is an integrated oil and gas company that discovers, explores, develops and produces crude oil, natural gas and condensates. The company also involved in supply, trading and shipping of natural gas, LNG, electricity and fuels. It has operations in Italy, Cyprus, the UK, Portugal, Algeria, Egypt, Gabon, Nigeria, Russia, Venezuela and other countries. Through its refineries, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and allied products. It commercializes these products through wholesalers and retail networks. The company has properties across Italy, Other European Union, Rest of Europe, Americas, Asia and Africa. Eni is headquartered in Rome, Italy.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
