The Saudi developer is reportedly suffering fines of $700/MW/day for late delivery of a project at the Benban solar complex in Egypt as 180 MW of plants near completion.

The Spanish inverter maker will provide Norwegian developer Scatec with 66 PV inverter stations for projects it is building at the Benban complex.

In its report, Renewable Energy Outlook: Egypt, the International Renewable Energy Agency (IRENA) envisages a scenario in which solar becomes the second largest energy source in the country, after gas. If current plans and RE strategies are maintained, however, just 9 GW will be installed by 2030, compared 44 GW. The agency recommends a series of actions to achieve a 2030 renewable energy target of 52%.

The realization of Egypt’s 1.8 GW Benban solar complex has posed a long series of challenges to its numerous developers. The creation of the Benban Solar Developers Association (BSDA) has helped move the project forward amid initial grid constraints and several logistical issues, among others. Although only one of the 33 projects has now reached completion, all are set to be grid-connected by June 2019 – the final deadline set by the Egyptian government, according to Assem Korayem, a member of the BSDA and the operating general manager at Access-Power Egypt. In a conversation with pv magazine, he provides an extensive update on the current status of the huge PV complex.

The Egyptian Electricity Transmission Company (EETC) has informed all participants of a tender for the deployment of 600 MW of PV capacity in the West of Nile Area that it won’t accept bids exceeding US$0.025/kWh. In its tender for the 200 MW Kom Ombo solar project, the lowest bid, submitted by Saudi energy company ACWA, was $0.02752.

National scheme reportedly aims to drive installation in segments including residential and commercial and industrial facilities.

As pv magazine has learnt, the Saudi energy giant lowered its offer to $0.02752/kWh at the last minute, beating the bid lodged by Spain’s Fotowatio, which offered $0.02791 per kWh.

The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA.

A group of Russian researchers has found out that under resonance conditions, the Pyramid of Giza can concentrate electromagnetic energy in its internal chambers. This discovery, the scientists claim, may also be used to develop high efficient solar cells.

The EPC provider, which is active in the MENA region, announced that it expects a 900 MW pipeline shortly. The company was recently acquired by U.K.-based Arjun Investment Partners and reportedly has increased its staff size by 30% this year. The company cites an increasing interest in asset diversification and good economics as reasons for MENA’s investment in solar PV.