Globeleq is the majority owner of the Winnergy 25 MWp solar plant is located within Egypt’s flagship Benban Solar complex, near Aswan, and is adjacent to Globeleq’s 66 MWp ARC solar plant.  GILA Altawakol Electric remains the co-shareholder and operations and maintenance contractor.

The Winnergy plant was originally developed as part of the second round of the Egyptian government’s Feed-in-Tariff program. Commencing operations in 2019, it provides approximately 58 GWh per year of clean electricity to the Egyptian Electricity and Transmission Company (EETC), under a 25-year power purchase agreement. This is sufficient to power around 13,600 residential consumers annually, thereby avoiding 30,000 tonnes of CO2 emissions.

Winnergy was financed by the International Finance Corporation (IFC), British International Investment (BII), the Asian Infrastructure Investment Bank (AIIB) and Europe Arab Bank.