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Investors/ financiers required for $1.7 billion Solar Project in Egypt

  • France France  
  • Last Updated:
    Posted on: 21 Dec 2023

  • Buying Frequency: Daily
  • Payment Terms: Other
Buyer Information

RFQ Details

Our company is a french boutique and exclusive mandate to seek funding for an Egyptian private company who won tender for a public project in solar industry for the Red Sea governorate in Egypt. At this stage, we are looking to raise 380 millions usd for the first part of the project (total 1.7 billion USD) . All docs and contracts available in english/arabic.

Highlights

To establish a Solar Energy 120 MW PV Factory
Location: Ras Ghareb, Redsea, Egypt
Area approved for project: 1,000,000 Sq. Meters
Approved by General Authority of Investment Egypt
Approved by Red Sea Governorate Egypt
Approved by National Association of New & Renewable energy
Technical partners have 219 years of experience combined
Our partners consist of world class companies with long track record in providing PV manufacturing solutions
Technical partners: GSA LLP (Kazakhstan) founded 2009, Pekintas group (Turkey) founded 1959, SCHMID (Germany) founded 1864
Our modules design provided by SCHMID are 30% more efficient
Our partners consist of world class companies with long track record in providing PV manufacturing solutions
Our contracted production line received 2017 PV magazine award
Our production lines will consume 50% less power which reduces the cost of production
Guaranteed sales to local market in Egypt because Egypt has to provide 20% of the total electricity demand from the renewable resources by 2020
Short term goal, start production line to place our brand on the market within 1Year until full production line is produced which means cash flow will start in 1year
Our long term goal is to increase capacity to 500MW of PV modules annually our technical partners can perform this goal ones we stabilize the 120MW production line
Total investment required $1.7 Billion USD
Senior debt under negotiation with Commercial International Bank Egypt board of directors their track record can be viewed on their subsidiary CI Capital


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