24 Apr '15, 3pm

Egypt’s Renewable FIT Program Gains Traction

Egypt’s Renewable FIT Program Gains Traction

Building on this, Egypt grabbed the attention of the renewable power community in the Middle East in late-2014 when it launched a feed-in tariff (FIT) scheme for both solar and wind renewable energy projects. Egypt plans up to 2,300 MW of solar and up to 2,000 MW of wind generation in the first regulatory period. This will include 2,000 MW of larger solar PV projects ranging from 500 kW up to 50 MW, 300 MW of solar PV projects below 500 kW, and 2,000 MW of wind project capacity. The first regulatory period will end when these targets are met, or after two years, whichever is sooner. The first round of prequalified developers have already been named. However, details have been a little harder to ascertain. Prequalified developers and potential lenders have been locked in discussions with Egypt’s Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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