egypt

Various projects located in the 1.8GW Benban solar park will be co-financed by AIIB and the International Financial Corporation.

The European Bank for Reconstruction and Development (EBRD) and French financial company Proparco are set to help Egypt make major strides in the development of its renewable-energy sector.

Acwa Power has been awarded three solar PV projects in the Aswan Province of Benban, Egypt, under Round 2 of the Feed-in Tariff (FiT) programme.

Mondragon Assembly Solar, a division of Spain-based Mondragon Assembly Group has secured multiple new turnkey assembly and automated assembly equipment orders from Algeria, Egypt, and China in June.

Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.

Utility-scale solar projects totalling 750MW could receive support from the European Bank for Reconstruction and Development.

Egyptian renewable energy provider Infinity Solar and Germany’s ib vogt and Solizer have reached financial close on a 64.1MW solar PV plant under round one of Egypt’s Feed-in Tariff (FiT) programme.

The MENA region has a solar PV pipeline of 4,050MW for this year, according to a new report by the Middle East Solar Industry Association (MESIA).

Doubt has been cast on the International Finance Corporation’s (IFC) ‘Scaling Solar’ programme after a panel of investors revealed it could be fostering a race to the bottom for unrealistic tariffs, diverting focus from essential bankability.

The Feed-in-Tariff (FiT) for Egyptian solar power projects has fallen for 500kW-20MW projects and 20-50MW projects, according to an announcement by electricity minister Mohamed Shaker at a press conference on Tuesday.