China-based solar technology firm AIKO has entered into a strategic supply agreement with Cairo-based Infinity Power to provide high-efficiency modules for the Nefer Benban solar photovoltaic (PV) project in Aswan.
Infinity Power, a joint venture between UAE’s Masdar and Egypt’s Infinity Energy, has secured an accelerated delivery timeline, with the full consignment of modules expected to be completed within one month of the agreement.
The Nefer Benban facility is set to become a significant asset in Egypt’s renewable energy portfolio, featuring 259 megawatts (MW) of solar capacity integrated with a 120 megawatt-hour (MWh) battery energy storage system (BESS).
The project, which is on track for grid connection in the fourth quarter of 2026, is projected to generate 471.6 gigawatt-hours (GWh) of electricity annually, yielding an estimated $566 million in total lifecycle revenue.
With a total capital expenditure estimated at $180 million, the project has garnered strong institutional support, including a $70 million senior debt facility provided by the European Bank for Reconstruction and Development (EBRD) earlier this year.
Ownership of the development is held by Infinity Power (51%) and HAU Energy (49%).
To maximize generation efficiency, the project’s EPC contractor, Hassan Allam Constructions, has also finalized an agreement with GameChange Solar to install their advanced Genius Tracker systems across the site.
