GE to develop 50MW PV project in Egypt

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Upon completion, the solar project will be able to power 15,000 local homes. Image: Renate Dodell / Flickr

GE Power Conversion, a subsidiary of General Electric, has received a full turnkey contract from Fas Energy to develop a 50MW PV project for the Egyptian Electricity Transmission Company (EETC).

Upon completion, the solar project will be able to power 15,000 local homes. As part of the contract, GE Power Conversion will also provide financing and equipment.  

Based on the agreement, GE will offer its 4.4MW solar skids featuring GE’s LV5 1500V solar inverters — standing as the first entry of the 1500V system into the Egyptian solar market. The inverter skids can lead to a 3% lower system cost and up to 15% less in maintenance costs when compared to its 1000V counterparts.

GE will also obtain other plant assets, such as solar modules, trackers and cables. In addition, GE will provide a payment scheme to help jumpstart the project and enhance the installation’s bankability.

Lamya Yousef, head of IPP and renewable energy at EETC, said: “According to the government strategy, Egypt’s New & Renewable Energy Authority had set up a target of generating 20% of its energy from renewable sources by the year 2020, among which solar energy development is a key driver to achieve the goal. The FiT program is the first utility-scale solar project in Egypt, and it is our strong commitment to the country’s sustainable economic growth and a cleaner environment.”

Azeez Mohammed, president & CEO of GE’s Power Conversion, added: “This is GE’s first full turnkey contract to build a solar power plant. We offer solutions that cover the complete solar energy value chain. By taking the integrated system approach, we help de-risk the project and enhance plants’ reliability and revenues. With the digital technology coming as the next piece among our solar solution portfolio, we are committed to building tomorrow’s solar farms that are set to bring greater efficiency and productivity.”

Read Next

April 7, 2021
Saudi Arabian developer ACWA Power has finalised agreements for the 200MW Kom Ombo solar plant in Egypt, with construction work set to begin later this year.
March 4, 2021
A round-up of the latest solar project news from around the world, including updates from Hanwha Q CELLS and Capital Dynamics.
September 15, 2020
Ib vogt has sold its shareholding in its 64.1MWp ‘Infinity 50’ project, which makes up part of the Benban solar complex in Egypt, to Masdar.
March 3, 2020
Green energy reps tell PV Tech they fear country may ‘lose trust’ of investors after announcing plans for cuts of up to 25%. Will the move derail the momentum of one of Europe’s PV markets-to-watch?
March 2, 2020
Country could avoid costs and grid chaos if it learns from Germany and Vietnam's FiT lessons and opts instead for competitive auctions, says new IEEFA report.
February 13, 2020
Country told competitive bidding could take PV market to ‘tens of gigawatts’ within 10 years, turning the page from grid chaos driven by feed-in tariffs last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET