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Egypt

IFC says green recovery could drive $2.5tn renewables market this decade

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Another 300 MW of solar power for Egypt’s Aswan region

UAE-based AlNowais Investments Company has been allowed to increase the size of its solar project in Kom Ombo from 200 to 500 MW. The facility will sell power to the Egyptian Electricity Transmission Company (EETC) under a long-term, bilateral PPA.

First PPA-driven solar rooftop in Egypt

Solarizegypt will receive payments from Coca Cola for a 1 MW array it has installed on an industrial facility in Sadat City under the nation’s net metering regime.

Benban developers agree to pay an extra $102m for building materials

Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.

New panel cleaning tech based on nano-coating and mechanical vibration

Researchers in Egypt have tested a new solar module cleaning technique for solar arrays in arid regions. They claim that the combination of nano-coatings with vibration mechanisms on the backs of modules can reduce manual cleaning requirements.

World could add more than 900 GW of solar by 2025 if politicians grasp the nettle – IEA

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

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Solar challenges and trends and Covid-19 discussed at 2020 Africa Energy Forum

The 24-day, digital 2020 Africa Energy Forum kicked off on October 20. The event brings together African energy sector officials to identify opportunities, air their views, form partnerships, and take the necessary steps to improve the industry. For solar, challenges in policy making, procurement processes and the effects of the Covid-19 pandemic were discussed, as well as emerging trends such as solar digitalization.

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Benban developers on brink of settling reported $102m cost-sharing deal

Sources connected to developers at the site confirm the figure has been agreed with the Egyptian Electricity Transmission Company but said it was still subject to change. The utility is seeking raised contributions from renewables companies to cover what it says were rises in building material costs.

IRENA presents $2tn plan to drive 5.5m renewables jobs by 2023

Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.

Egypt to impose ‘merger fee’ on net-metered solar

Law firm Riad & Riad has confirmed the levy will be applied but said the level of the charge had not been determined, despite a report to the contrary in one local newspaper.

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