Egypt’s solar power program has received a significant boost from international backing. The European Bank for Reconstruction and Development has earmarked $500 million to support solar power projects in Egypt. The bank also plans to support the construction of up to 2 GW of solar power projects. The debt finance by … [continued]
Saudi Arabia-based project developer ACWA Power and Abu Dhabi-based Masdar Group are looking to officially seal a deal with the Egyptian government to set up large-scale renewable energy projects. Officials of ACWA Power and Masdar will soon meet representatives of the Egyptian government to officially propose setting up 1.5 GW … [continued]
One of the leading clean energy project developers in the world, SkyPower, is planning to expand to its footprint in one of the hottest renewable energy markets in the Africa — Egypt. SkyPower is reportedly in talks with the officials of the Electricity Ministry in Egypt to develop 3 GW … [continued]
Access Infra Africa has announced plans to invest $500 million in developing renewable energy projects in Africa over the next three years. The company is expected to initiate this investment from Egypt, which recently conducted an auction of solar and wind energy projects. Access Infra Africa — a joint venture … [continued]
In anticipation of its auctioning of renewable energy capacity, the Egyptian government has announced feed-in tariff plans for large and small systems.
Not only does Egypt plan to auction of 2GW each of solar power and wind capacity, but also support domestic manufacturing of needed equipment.
