The European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution, are financing the installation of two 50 MW solar projects in to be developed the Benban solar complex in the Aswan province of Egypt. The EBRD and Proparco will each provided $58 million ($116 million in total) for the construction and operation of the projects. These are the first two projects to be financed under the second round of Egypt’s ambitious feed-in tariff scheme and will be part of the planned 1.8 GW Benban solar complex in Aswan, stated an an EBRD release.