Egypt signs deals for 220 MW of solar


Egypt’s Ministry of Electricity and Renewable Energy has signed seven binding memoranda of understanding (MOUs) totaling 320 MW of solar and wind projects worth some $500 million under the government’s feed-in tariff (FIT) program.

The country is looking to install 4.3 GW of wind and solar power by 2017, including 2.3 GW of solar (2 GW of large-scale and 300 MW of small scale under 500 kW) and 2 GW of wind.

The ministry signed the agreements during last week’s Middle East Solar Industry Association (MESIA) Trade Mission in Cairo, which took place April 27-28. The forum brought together 150 local and international investors and project developers to explore investment opportunities in Egypt’s solar and wind sector.

The MOUs included five agreements for solar projects totaling 220 MW and two wind projects consisting of 100 MW. All seven projects are located on government land, with solar projects to be located in Binban and Aswan and wind farms in Zafarana on the Gulf of Suez.

UAE group Access, which last week announced plans for a 65 MW solar project as well as a 50 MW wind farm, has so far secured a 50 MW PV installation, according to the MESIA.


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.