Egypt’s Ministry of Electricity and Renewable Energy has issued certificates of qualification to four solar and wind projects totaling 400 MW.
The certificates were granted to private companies developing projects to sell energy to industrial customers under the country’s peer-to-peer (P2P) mechanism.
The qualified projects include two solar plants. Neptune Electricity Production and Sale Company will supply the Suez Steel Plant, while Amia Power Company will provide electricity to AP Moller (Suez Container Channel) and BEFAR Group (Befar Chemical Group) from its own solar plant.
The other two certificates cover solar-plus-wind hybrid facilities. PV Energy Company will supply Al Az Steel, and Inara Renewable Energy Services Company will supply Halwan Fertilizer Factory and Alamin Silicon Complex.
Together, the four projects represent a combined investment of $388 million, according to a ministry statement.
The statement added that seven projects submitted P2P applications to establish renewable power projects of 100 MW each. Applications were reviewed by the Electricity Facility Regulator and Consumer Protection, global consultants, and the European Bank for Reconstruction and Development.
Dr. Mahmoud Esmat, Egypt’s minister of electricity and renewable energy, said the projects will be implemented under the country’s Electricity Law, which aims to “liberate the electricity market and create a competitive environment among all parties of the electricity and energy facility.”
Egypt’s cumulative solar capacity reached 2.57 GW at the end of 2024, up from 1.84 GW at the end of 2023, according to the International Renewable Energy Agency (IRENA).
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
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.