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NREA Doubles RE Budget Egypt’s New and Renewable Energy Authority (NREA) has allocated around $440 million from its budget for renewable energy projects for the fiscal year of 2017/2018. The 2017/2018 budget for renewables is double what was allocated the previous fiscal year.
Investors seek to acquire solar energy projects in feed-in tariff Ten investors of Egyptian, American, Chinese, French, and Emirati nationalities have submitted requests to companies taking part in the second phase of the feed-in tariff to acquire their projects for the value paid to the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission company (EETC).