Acciona Energía and Saudi outfit Swicorp are to build and operate three solar plants in Egypt totalling 186MW.
The companies will invest $180m in the three 62MW projects, which will be located in the Benban complex created by the Egyptian government in the Aswan region.
The solar farms will be Acciona’s first renewable energy projects in the North African country.
Construction is expected to start in December, with the projects coming online 12 months later.
Each plant will be equipped with 190,774 Jinko Solar polycrystalline modules, mounted on horizontal-axis tracking structures made by STI Norland.
Electricity generated by the PV plants will be supplied to the Egyptian Electricity Transmission Company under a 25-year purchase and sale contract.
The International Finance Corporation (IFC), the private sector arm of the World Bank, and the Asian Infrastructure Investment Bank (AIIB) are also supporting the projects.
Acciona chief executive Rafael Mateo said: “We are very pleased to increase our presence in an area with great potential in the long run for the renewable energy sector as is North Africa, working with such reputable partner as Swicorp with the support of IFC and AIIB.”