Channing Law is pleased to have advised Globeleq on its acquisition of a 48.3% equity stake in the 25 MWp Winnergy solar PV plant in Egypt. The plant which is in operation is located within Egypt’s flagship Benban Solar complex near Aswan and is adjacent to Globeleq’s 66 MWp ARC solar plant.

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.

The transaction adds to Channing Law’s track record of closing deals in Africa. The Channing Law team comprised of Chana Abrams (Managing Partner), Soniya Ambadkar (Associate) and Stéphanie Leigh (Senior Paralegal).

Read the full article here: https://globeleq.com/globeleq-acquires-the-25-mwp-winnergy-solar-pv-plant-in-egypt/