Globeleq acquires 48.3% interest in Egypt solar plant

Independent power company Globeleq has completed the acquisition of a 48.3% equity stake in the 25 MW Winnergy solar photovoltaic (PV) plant in Egypt from Enerray, Enerray Global Solar Opportunities and Desert Technologies. The plant, which is in operation, is located within Egypt’s flagship Benban Solar complex, near Aswan, and is adjacent to Globeleq’s 66 MW ARC solar plant.