Egypt

Middle Eastern PV: The Jordanian solar sector has enjoyed near-constant growth in recent years, proving that it is a market founded on a sustainable and reliable base. Investors have been wondering for a few years whether Egypt can follow Jordan’s example successfully, and the signs are good that 2018 will prove to be a strong year for Egypt’s solar development. pv magazine explains the forces driving this optimism.

The tender is the first to be issued under the new auction mechanism, which has replaced the FIT scheme for large-scale solar.

The plant was installed in an area of Egypt’s Western Desert that is devoted to a governmental project to transform half a million acres of desert into arable land.

Egypt’s feed-in tariff scheme expired in October, however recent regulatory updates on the net metering scheme are set to bear fruit for solar PV in Egypt. pv magazine explores the new policy and business landscape.

The renewable energy arm of the French utility and the Egyptian manufacturing company will build the PV facility at the Benban solar company.

The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will support development of a further 13 solar parks.

The bank is granting long-term debt financing for the construction of 11 solar plants.

The Saudi Arabian power group will build three solar plants at the Benban solar complex, where most of the projects developed under Egypt’s FIT scheme are being constructed.

The funds will be used to support the construction of 11 solar plants with a combined capacity of 500 MW.

The Alcazar II solar project is being developed in the 1.8 GW Benban solar complex by UAE-based Alcazar Energy.