Infinity Solar

In partnership with Infinity Solar Energy SAE and Ib Vogt, BPE Partners and its managed vehicles own a portfolio of three solar power generation plants located in Ben Ban, Egypt with a total capacity of 130 MW. The investment is financed through equity and debt from international development finance institutions including the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC). Additionally, these solar projects are part of the second round of the Ministry of Electricity’s Feed-in Tariff (FiT) program to encourage the development of renewable energy resources in the country as well as private sector involvement in energy generation. The assets have secured long-term sales agreements with the Egyptian government, and payments are secured by the Ministry of Finance. The projects are expected to off-set over 300,000 metric tons of green-house gases annually.

The three projects completed all technical and contractual requirements, enabling them to commence operation.