B Investments secures $8.25M from sale of Benban solar power plants

Egypt-based private equity firm B Investments has signed definitive agreements to fully divest its equity stake in three utility-scale solar power plants located within the Benban Solar Park in Aswan, Egypt. The transaction will yield total cash proceeds of $8.25 million for the firm. The three solar assets have a collective generation capacity of 130 MW and are managed and operated by Infinity Power, a major renewable energy developer in Africa.