UAE’s Masdar To Buy Stake In Benban’s PV Park From Ib Vogt
16 Sep 2020
German solar developer Ib Vogt GmbH revealed that it has arranged the sale of its stake in the 64.1-MWp Infinity 50 photovoltaic (PV) park in Egypt to Abu Dhabi Future Energy Company PJSC, better known as Masdar.
The PV plant is located in Egypt’s sprawling Benban solar complex, where Ib Vogt has stakes in three more parks with a combined capacity of 166.5 MWp.
The German firm said that, parallel to the sale of Infinity 50, it has signed agreements of intent with Masdar to dispose its shareholdings in the three solar parks at Benban.