renewable energy | Egypt Oil & Gas - Part 12

renewable energy | Egypt Oil & Gas - Part 12

Egypt’s Feed-in-Tariff to Remain Unchanged

The Egyptian Electricity Ministry will not increase the Feed-in-Tariff (FiT) for renewable energy projects in the second phase of the program.

Electricity Ministry to Discuss FiT Phase 2 with Investors

The renewable energy companies in the second phase of the Feed-in tariff (FiT) program are set to discuss with the Electricity Ministry the payment schedule for the companies’ projects, and the exchange rate at which ...

Saudi Aramco Eyes $5b Investment in Renewables

Saudi Aramco is considering as much as $5b of investments in renewable energy firms as part of plans to diversify from crude production.

Enel Expands Renewable Projects in MENA

Enel SpA is targeting renewables projects in Saudi Arabia and the United Arab Emirates (UAE) as oil-rich Gulf countries take advantage of the falling cost of solar power.

UAE to Invest $163b on Renewable Energy

The United Arab Emirates (UAE) has said that it intends to invest $163b in projects to generate half of the nation's power needs from renewables by 2050.

Aramco to Launch Wind Power Plant

Saudi Aramco plans to commission its pilot 2.75MW GE wind turbine project in Turaif, the first in the kingdom, in Janurary 2017.

S. African Wind Farms Received Main Transformers

Lekela Power has delivered the main transformers to the 140MW Loeriesfontein and 140MW Khobab wind farms in South Africa.

FiT Asked for $8.5m Guarantee

The Egyptian Ministry of Electricity and Renewable Energy asked for $8.5m guarantees from each company in the first phase of renewable energy purchasing Feed-in Tariff (FiT) program.

Enel to Grow Renewable Ventures

Italian Enel will build 5,000MW of renewables capacity in Africa despite political unrest in the North and lack of electric power connections between countries.

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.

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