egypt

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.

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”.

Italy-based renewable energy firm TerniEnergia has won an EPC contract to build a 47MW solar farm in Egypt.

German solar developer Conergy is extending its presence in the Middle East and North Africa.

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).