The Egyptian Minister of Investment, Dalia Khorshed, met with the Minister of Electricity and Renewable Energy, Mohamed Shaker, to discuss how to reach a middle ground concerning the disputed terms of the second phase of Feed-in Tariff (FiT) program for renewable energy.

Up to 35 solar energy firms are considering withdrawing from the first phase of Egypt’s Feed-in Tariff (FiT) program due to delays, currency risks, and government's insistence on domestic arbitration, as developers announced after meeting with the Minister of Electricity and Renewable Energy, Mohamed Shaker,

The Egyptian Ministry of Electricity has signed cost-sharing agreements with 24 renewable energy companies, which have qualified for the feed-in tariff program to build solar and wind power plants.