International Investors Size Up Ambitious Egypt Wind And Solar Program

Egypt is pushing wind & solar projects. Turning MoUs into contracts is taking time.

Egypt’s New and Renewable Energy Authority (NREA) is pushing an ambitious plan to develop 4.3GW of wind and solar photovoltaic (PV) power capacity by 2027. NREA has outlined feed-in-tariffs for its renewables program, approved by government in September 2014, specifically aimed at securing outside investment (see chart and table).

In a recent assessment report for a proposed 1.8GW solar park at Benban, 650km southeast of Cairo, NREA says that the target includes 2GW for wind energy projects, 2GW for large solar PV installation of up to 50MW and 300MW for small solar PV installations of up to 500kW capacity. While the tariffs have attracted a line of potential investors, Egypt’s bureaucracy and the need to raise outside finance means that progress is slower than desired. (CONTINUED - 893 WORDS)

DATA INSIDE THIS ARTICLE

table Egypt Solar Pv Feed-In Tariffs
table Egypt Renewables Projects