egypt

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.

Firm breaks ground on 148MW plant in former Soviet state, links second 65MW bifacial unit at Benban complex and signs deal for 33MW farm by river Niger.

EETC wants to progress Egypt's renewable energy programme through auction-based procurement, with advice from the IFC.

Developer links first 65MW of 400MW project at Benban complex, with panels supplied by LONGi and funded by development players keen on bifacial tech.

Development financier tells PV Tech why innovation makes sense in fiercely competitive PV region despite risks of untried technology.

Firms to each own half of 186MWp capacity (150MW rated) built with US$180 million investment at government-sponsored Benban complex.

Mondragon Assembly close to commissioning production line for Arab International Optronics.

Gamesa Electric is to supply 66 PV inverters to 400MW of capacity being set up by Scatec Solar at the Benban solar park in Egypt.

PV manufacturing capacity expansion announcements in the second quarter of 2018, were slightly higher than the previous quarter, although activity slumped specifically in June, after China’s decision to suddenly cap utility-scale and distributed generation (DG) projects (531 New Deal). But large-scale multi-gigawatt production plans in the first half of the year may have hidden an inevitable slowdown, despite the impact on downstream demand from the 531 New Deal.

Streamlining red tape, ditching subsidies for bill payers and improving investment conditions could see Egypt become a multi-GW market for solar.