Investors to Acquire Solar Energy Projects in FiT

Investors to Acquire Solar Energy Projects in FiT

Ten Egyptian, American, Chinese, French and UAE investors submitted requests to the companies participating in the second phase of the FiT project to contribute or acquire their projects for paying the value of the transferred electricity, that was paid to the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC), according to Al Borsa.

Furthermore, the acquisition value is determined according to procedures, studies, and licenses obtained by companies, adding that the project price is worth $2m to $5m.

Solar projects have attracted investors’ attention and become a target for acquisition, directly after the accountant of the three companies in the first phase of the FiT project with contracts’ duration of 25 years and the guarantee of the Ministry of Finance.

Mahinaz El-Baz 317 Posts

Mahinaz El Baz received her MSc degree in Foreign Trade Economics from Helwan University in 2016. She has two years of experience in journalism and four years of experiance in economic analysis. She received the "Best Economic Article Award" in 2016 from CFA Society Egypt.

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