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Egypt considers establishing 1 GW solar energy station Egypt is considering building a new station to produce electricity from solar energy with a yearly capacity of 1 GW, according to a press release issued by the Ministry of Investment and International Cooperation on Wednesday.
AfDB considers financing three solar energy projects in Egypt for $60m The African Development Bank (AfDB) is considering financing three projects within the feed-in tariff programme in Benban, Aswan for $60m. A source at AfDB told Daily News Egypt that the bank has allocated $18m and $20m worth of finances for each project in the electricity production plant that depends on solar power. The source said …
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).