The largest solar plant in the world is located in the Egyptian region of Benban and thanks to it, the carbon emissions of the African country will be reduced by two million tons.
Solar energy continues its expansion without turning the corner of the planet: Egypt will host the largest solar park in the world, located in Benban, in the eastern region of the Sahara desert. Its name is due to a town in the vicinity of the Nile River near the solar plant of enormous dimensions, which has been in partial operation since last December 2017.
Thanks to this solar plant, Egypt will be able to generate 20% of clean energy by 2022 and will cover 90% of the energy currently produced by the Aswan reserve. The park has 41 plots of land connected to the Egyptian high voltage network by means of four new substations, which in turn will be connected to an existing line of 220 Kb. In the middle of this year the purpose is to reach between 1.6 and 2, 0 GW of solar energy.
The location of the park in the middle of the Sahara desert is not just any enclave, but one of the most privileged points on the planet for the capture of solar energy due to its specific climatic characteristics. The days are sunny and very hot – the average temperature usually exceeds 50º-, the rare precipitations and the cool nights.
As indicated by the portal Ecoinventos, the Multilateral Investment and Guarantees Agency (OMGI), an institution of the World Bank Group, has financed a “political risk” insurance worth 210 million dollars to private lenders and investors participating in the project. the project. For its part, IFC and a consortium of nine international banks will provide a debt package of 653 million dollars to finance the lifting of 13 solar power plants, which will join 19 other plants making up the Benban Solar Park.
In total, the cost of construction will amount to 823 million dollars, becoming the largest private sector financing package for a photovoltaic solar installation in the Middle East and North Africa. In terms of employment, this solar plant will serve to solve the high rates of unemployment in the area. To raise the facilities worked more than 10,000 people and when it is at full capacity is estimated to give direct work to 4,000 employees.