Feed-in Tariff (FiT)

Egypt Reviewed FiT Offers

The Ministry of Electricity and Renewable Energy reviewed offers from 9 firms seeking to participate in phase I of the energy purchasing Feed-in-Tariff (FiT) program with the German Consulting Office Fichtner.

Companies Withdrew from FiT

A total of 17 companies have withdrawn from the renewable energy Feed-in Tariff (FiT) program from both phase I and phase II.

Infinity, Scatec Solar Join FiT Phase II

Infinity Solar and Scatec Solar proposed building three renewable energy projects under phase two of the Feed-in Tariff program.

FiT Challenged with Devaluation Backlash

Construction companies and solar firms withdrew from new and renewable energy projects due to increased costs as a result of EGP devaluation.

Solar Firms Joined FiT Phase I

Three firms are ready to sign energy purchasing agreements with the Egyptian Electricity Transmission Company (EETC) under Egypt's phase I of the Feed-in-Tariff (FiT) program.

Egypt to Reimburse FiT Payments

The New and Renewable Energy Authority (NREA) will pay $750,000 to each company that withdrew from phase I of the energy purchasing Feed-in-Tariff (FiT) program.

Egypt to Start Phase II of FiT in October

The Egyptian Prime Minister, Sherif Ismail, announced that the launch of phase II of the solar power purchasing Feed-in Tariff (FiT) program will on the October 28th, at which date the new tariffs will be implemented.

Egypt to Meet with Investors for FiT Projects

The Egyptian Ministry of Electricity will hold a meeting with international institutions to discuss funding renewable energy projects.

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