{"id":557268,"date":"2021-09-13T04:00:02","date_gmt":"2021-09-13T04:00:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/"},"modified":"2021-09-13T04:00:02","modified_gmt":"2021-09-13T04:00:02","slug":"al-nowais-to-sell-solar-license-in-benban","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/","title":{"rendered":"Al Nowais to sell solar license in Benban?"},"content":{"rendered":"

<\/a> Ten companies are in the running to purchase the Emirati energy firm Al Nowais\u2019 <\/strong>license to operate a solar plant in Aswan\u2019s Benban solar park<\/strong>, Al Mal<\/a> reports, citing unnamed officials \u201cin the renewable energy sector.\u201d The Emirati company was planning to construct a 500 MW solar facility<\/a> and inked a contract<\/a> with the Egyptian government in late 2019, but has now offered its license to 10 companies operating in Egypt, including ACWA Power and Infinity, the sources said.<\/p>\n

The rationale:<\/strong> The company is looking to sell the contract in the hope of generating the liquidity it needs to pursue other projects in the renewable energy sector, the newspaper claims.<\/p>\n

Enterprise was unable to independently verify this story:<\/strong> We were unable to reach a representative from Al Nowais and ACWA Power. Infinity declined to comment on the story.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ten companies are in the running to purchase the Emirati energy firm Al Nowais\u2019 license to operate a solar plant in Aswan\u2019s Benban solar park, Al Mal reports, citing unnamed officials \u201cin the renewable energy sector.\u201d The Emirati company was planning to construct a 500 MW solar facility and inked a contract with the Egyptian […]<\/p>\n","protected":false},"author":1,"featured_media":557269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"507a45b0-6eca-4dea-b008-ea18d022f525","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/164.jpg","photo_position":"above","related_issue":[557260],"teaser":"","voice_url":""},"yoast_head":"\nAl Nowais to sell solar license in Benban? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Nowais to sell solar license in Benban?\" \/>\n<meta property=\"og:description\" content=\"Ten companies are in the running to purchase the Emirati energy firm Al Nowais\u2019 license to operate a solar plant in Aswan\u2019s Benban solar park, Al Mal reports, citing unnamed officials \u201cin the renewable energy sector.\u201d The Emirati company was planning to construct a 500 MW solar facility and inked a contract with the Egyptian […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-13T04:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/164.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Nowais to sell solar license in Benban?\",\"datePublished\":\"2021-09-13T04:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\"},\"wordCount\":144,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/164.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterpriseAM\",\"renewables\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/al-nowais-to-sell-solar-license-in-benban\/\",\"name\":\"Al Nowais to sell solar license in Benban? 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Saudi Arabia\u2019s ACWA Power and the UAE\u2019s Al Nowais have\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/220.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568024,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/15\/a-good-day-for-renewable-energy\/","url_meta":{"origin":557268,"position":1},"title":"A good day for renewable energy","author":"enterpriseam admin","date":"15 December 2020","format":false,"excerpt":"Government entities are pushing ahead with solar stations in Zaafarana, Aswan: The New and Renewable Energy Authority will sign within days a EUR 36 mn contract with Germany\u2019s Belectric to establish a 50 MW solar power plant in Zaafarana, sources told the local press. Separately, the Electricity Ministry signed a\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591717,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/15\/arab-foreign-companies-look-to-acquire-solar-plants-in-egypts-benban-park\/","url_meta":{"origin":557268,"position":2},"title":"Arab, foreign companies look to acquire solar plants in Egypt\u2019s Benban park","author":"enterpriseam admin","date":"15 December 2019","format":false,"excerpt":"A number of Arab and foreign companies are in \u201cextensive\u201d negotiations to acquire solar plants in the recently inaugurated Benban solar power park, unnamed sources tell the local press. According to the sources, an unnamed company is closing in on acquiring Italy\u2019s Enerray\u2019s 50 MW plant, while two Emirati companies\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593955,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/uaes-al-nowais-offers-to-set-up-usd-700-mn-renewable-energy-plants-in-egypt\/","url_meta":{"origin":557268,"position":3},"title":"UAE\u2019s Al Nowais offers to set up USD 700 mn renewable energy plants in Egypt","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"Al Nowais Investments is bidding to build USD 700 mn-worth of renewable energy plants in Egypt, sources from the Electricity Ministry said, according to Al Mal. A 500 MW wind power plant and a 50 MW solar plant could be built in undisclosed locations under a build-own-operate framework. The bid\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591622,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/","url_meta":{"origin":557268,"position":4},"title":"Al Nowais to build two renewable energy plants worth EGP 16 bn","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Al Nowais to build two wind, solar energy plants worth EGP 16 bn: Egypt yesterday signed an agreement with UAE\u2019s Al Nowais Investments to build two renewable energy plants worth a combined EGP 16 bn, according to a cabinet statement. 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