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MIGA to support construction of six solar PV plants in Egypt with $102.6M in financing

MIGA, a member of the World Bank Group, announced on January 9 guarantees of up to $102.6m in support of the construction, operation and maintenance of six solar power plants in Egypt. The power plants will collectively have a combined capacity of up to 250MW, and represent the first set of a total 12 projects approved by MIGA’s board in support of Egypt’s Solar Feed in Tariff (FiT) program.

 

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Phoenix Energy to develop solar PV power plant in world’s largest solar generation park in Egypt

Lebanon based renewable energy solutions company Phoenix Energy announced this week a partnership with Infinity Solar  of Egypt and  IB Vogt of Germany to develop a 50 MW solar PV power plant in Benban Solar Park near Aswan, Egypt.

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EBRD to Provide 500 million USD for Solar Energy Program in Egypt

The European Bank for Reconstruction and Development (EBRD) reported on Monday that it has earmarked up to US$ 500 million for 2016 to support Egypt’s new solar energy programme, which aims to construct up to 2,000 MW of utility-scale solar generating capacity as part of an ambitious target to secure 20 per cent of electricity from renewable sources.

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Access Power MEA to develop two solar projects totalling 115 MW in Egypt

Access Power MEA, a developer, owner and operator of power assets in the Middle East and Africa, signed last week a Memorandum of Understanding with the Egyptian Ministry of Electricity and Renewable Energy (‘MERE’) to develop a 65 MWp of renewable energy.

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Egypt signs 2 deals to generate 5,000 MW of solar power

The Egyptian Electricity Holding Company (EEHC), signed on Sunday two memorandums of understanding with two international conglomerates to produce 5,000 MW of solar energy to meet the increasing demand for energy.

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