The Saudi independent power producer (IPP) Acwa Power, which has announced a financing of 123 million dollars for tis Kom Ombo solar park. The loans include $45 million from the Arab Petroleum Investments Corporation (APICORP), $36 million from the European Bank for Reconstruction and Development (EBRD) and $34.5 million from the Green Climate Fund (GCF).
The African Development Bank (AfDB) is also supporting the construction of the Kom Ombo solar park with a $24.4 million loan, including $10 million from the COVID-19 Debt Relief Programme for IPPs of the Sustainable Energy Fund for Africa (SEFA). Acwa Power is also getting $14.8m from Jordan’s Arab Bank, and $14.6m from the Opec Fund for International Development (OFID).
The park will have a capacity of 200 MWp.
