Feed-in Tariff (FiT) | Egypt Oil & Gas
Companies Withdrew from FiT
The Egyptian Ministry of Electricity’s Under Secretary for Performance and Political Communication Development, Sabah Mashaly, stated that a total of 17 companies have withdrawn from the renewable energy Feed-in...
Infinity, Scatec Solar Join FiT Phase II
Infinity Solar proposed a bid to the Egyptian New and Renewable Energy Authority (NREA) to build a wind farm with capacity of 100MW in Gabal El Zeit area under phase two of the renewable energy purchasing Feed-in Tari...
FiT Challenged with Devaluation Backlash
Construction companies decided to withdraw their offers for renewable energy projects. The companies cited that their costs have almost doubled due to the devaluation of the EGP, reported Al Borsa. Additionally, a num...
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, among these companies are Total-Bel...
Egypt to Reimburse FiT Payments
Sources with the Egyptian Ministry of Electricity and Renewable Energy stated that the New and Renewable Energy Authority (NREA) will pay $750,000 to each company that withdrew from phase I of the energy purchasing Fe...
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 financial institutions to discuss possible ways of funding renewable energy projects in phase II of the Feed-in Tariff (FiT) program, reporte...Page 1 of 1
