Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]
Infinity Solar, ib vogt and Solizer secure 64.1 MWp solar power plant at Benban, Aswan under round one of the Egyptian FiT programme.
Egyptian-based company Infinity Solar S.A.E. and German-based companies ib vogt GmbH and Solizer GmbH & Co. KG have announced the successful closure of a 64.1 MWp solar power plant project in Benban, Aswan, Egypt by the Infinity 50 consortium of which they are members. The project was approved by the Egyptian Electricity Transmission Company on […]
The project budget amounts to 343 million Euros, of which 267 million Euros are planned to be provided by the European Development Partners: The EU will provide a grant of 30 million Euros and the Egyptian government has allocated 78 million Euros to the Gulf of Suez windfarm project. German Development Cooperation through KfW is […]
The New and Renewable Energy Authority (NREA) has recovered the lands of the solar energy projects in Banban, Aswan from five companies that have withdrawn from implementing the project. Sources in the NREA said that the authority has recovered 5 sqkm from Abdul Latif Jameel Company, Enel Green Power, Cairo Solar, Orascom Telecom, and Triangle. […]
Egyptian electricity ministry determined the prices of purchasing electricity generated from solar power. In a press conference held Tuesday, Minister Mohamed Shaker stated that the prices of purchasing power from solar power projects with capacities of 500-20MW are determined at 7.8 cents for every kilowatt instead of 13.6 cents. The ministry also determined the purchase […]
Egypt to construct 1,000 MW solar power station, solar panels factory with $3.3bn of Chinese funding.
Egypt is to construct a 1,000 MW solar power station and a solar panels factory that will be implemented in two stages, 500 MW each. According to the agreement, it is expected that China will fund the establishment of the station and the factory with $3.3bn in concessional financing. A meeting was held on Tuesday […]
Italy’s Enel Green Power has exited the renewable energy market in Egypt and is seeking compensation for investments it has already injected, according to Al-Borsa newspaper. The move comes as international investors and the government disagree on the government’s insistence over domestic arbitration and pricing concerns due to lingering fears of further devaluation of the […]
Minister of Electricity and Renewable Energy Mohamed Shaker said on Tuesday that the cabinet will approve the new tariff on electricity consumption within days. Shaker told Daily News Egypt that the increase in electricity prices will be slight during the first three segments of consumption and will then steady increase while consumption becomes higher. The […]
Irrigation Minister Mohamed Abdel Aaty left Cairo for Uganda to attend the ministerial meetings held for the Nile Basin Initiative from 11 to 14 July, state-run newspaper Al-Ahram reported on Monday. The visit’s agenda includes an inspection tour of the bilateral projects implemented by Egypt and Uganda. Since 1999, Egypt has financed these projects with […]
JA Solar Holdings, one of the world’s largest manufacturers of high-performance solar power products, today announced that it had provided 11MW of high-efficiency PV modules for a power project in the Red Sea region of Egypt. Developed by Masdar, funded by the government of Abu Dhabi, it is the largest PV-diesel hybrid power project in […]