Chinese company to develop 10 GW of solar in Egypt
A new agreement signed between the Chinese group and Egyptian government officials is part of the country’s Green Corridor Initiative that aims to increase the use of renewable energy. The solar project is expected to save more than $1 billion in annual natural gas costs.
Subsea cable to bring wind, solar power from Egypt to Europe
Copelouzos Group plans to lay a submarine cable to link 9.5 GW of wind and solar power in Egypt to Greece’s Attica region. The project was recently included in the Entso-E 10-year development plan.
The Hydrogen Stream: $8 billion green hydrogen facility near the Suez Canal
Egypt is taking several steps to support renewable and hydrogen projects, aiming to produce 42% of its electricity from renewable sources by 2030. Meanwhile, a team of researchers led by UCLA developed a method for predicting platinum alloys’ potency and stability; Iberdrola and bp are working on strategic collaboration, including large-scale green hydrogen production hubs in Spain, Portugal and the UK.
African Development Bank lends $27.2 million for 200 MW solar park in Egypt
The $156.4 million Kom Ombo photovoltaic solar power plant is being developed by Saudi energy giant ACWA Power.
Sterling and Wilson wins $127.5 million order in Egypt
India’s Sterling and Wilson – which has a global solar engineering, procurement and construction portfolio of more than 10.6 GWp – says that its latest contract in Egypt is for one of the country’s largest PV projects.
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.
EBRD may finance ACWA’s 200 MW solar plant in Egypt with $54 million loan
The $155,4 million project was secured by the Saudi energy giant through a tender held in 2019. The facility will sell power at a price of $0.02752/kWh.
Another solar module factory in North Africa
Teriak Industrial Group, a private Egyptian company that specializes in the production of automotive components, owns and operates the new 100 MW manufacturing facility. Spain’s Mondragon Assembly supplied the production line.
Saudi power company ACWA secures 200 MW bifacial solar project in Egypt
Saudi energy giant ACWA Power won the tender for the project in August thanks to a lowest final electricity price offer of $0.02752/kWh. Construction of the facility, which will use bifacial panels, is expected to be complete by April 2021.
African nations could install 30 GW by 2030: BSW-Solar
A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.
