27 Apr '16, 12pm

Egypt to build massive $3.5 billion suite of solar power plants

Egypt to build massive $3.5 billion suite of solar power plants

This announcement builds on the memorandum of understanding (MoU) Terra Sola signed with state-run Egyptian Electricity Holding Company (EEHC) last year. At that time, the solar project was described only as “large scale,” but the company offered no details about what that would mean. Now, we understand the solar power plant project to be quite massive. In addition to the power plants, the project also calls for a 200 MWh PV module and inverter manufacturing facility to build parts for the power plants as well as for export. Interests from a number of different countries are coming together to bring this enormous project together after years of planning. Partners include Bahrain-based Terra Sola Ventures, Swiss wealth management company Terra Nex, RWE New Energy, Hareon Solar Technologies, and several German tech companies.

Full article: http://inhabitat.com/egypt-to-build-massive-3-5-billion-s...

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  1. 28 Apr '16, 2pm

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