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.
A tender for a 200MW BOO (build-own-operate) PV plant project in Egypt has had its deadline extended by six months, in a move that the Middle East Solar Industries Association (MESIA) has said was “widely expected”.
An agreement to work together on solar projects in Egypt has been signed by PV module manufacturer REC and a subsidiary of local telecoms company Orascom Telecom Media and Technology Holding” (OTMT).
Abu Dhabi’s renewable energy firm Masdar has launched four utility-scale clean energy projects as well as thousands of residential solar systems in remote areas across Egypt.
