GE to develop 50MW PV project in Egypt

Facebook
Twitter
LinkedIn
Reddit
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.”

29 November 2022
PV ModuleTech EMEA in Madrid on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.

Read Next

June 9, 2022
US conglomerate General Electric (GE) is looking to triple its solar and battery energy storage manufacturing capacity at its newly launched Renewable Hybrids factory in India by the end of 2022 to 9GW per annum. 
March 10, 2022
Norwegian renewables company Scatec has signed a memorandum of understanding with the General Authority for Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company, and the New and Renewable Energy Authority to develop a large-scale green ammonia plant in Egypt.
PV Tech Premium
December 27, 2021
Solar PV has taken off in the MENA region in recent years, driven by positive governmental policy, prominent tenders and decarbonisation targets. But challenges remain, both for smaller companies wishing to enter the market and in the operation of plants. Molly Lempriere takes a look at the market drivers and the challenges of competing.
November 15, 2021
A 1.35GW solar project in Turkey, said to the country’s largest, has received a US$291 million financing deal from the UK government to help proceed.
September 22, 2021
Renewables developer and asset manager RES has named Eduardo Medina as its new chief executive designate, with the former Vestas, SunPower and Acciona exec set to take over at the end of next month.
PV Tech Premium
July 23, 2021
A reduction in deployment costs combined with technology gains mean solar-plus-storage is an increasingly attractive option for off-grid mining operations looking to cut emissions. Jules Scully looks at successful case studies and the opportunity ahead.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event