Renewables | Egypt Oil & Gas - Part 4

Developers to Withdraw from Egypt’s FiT Program

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 a ...

Electricity Minister to Discuss Renewable Projects with Investors

Egypt's Minister of Electricity, Mohamed Shaker, will meet with new and renewable energy investors within the next three weeks to discuss obstacles facing the implementation of feed-in tariff projects.

Eni to Build Solar Energy Station in South Sinai

The higher committee for the project of renewable solar energy utilization held its first meeting to study Eni’s project to establish a solar energy station for electricity generation with a capacity of 100 MW in Sinai.

Canadian Solar to Invest $678.5m in PV Projects in Brazil

Canadian Solar Inc., the world’s second-largest solar manufacturer, will invest $678.5m in photovoltaics manufacturing and power generation projects in Brazil.

NREA Denies Egypt Unattractive for Clean Energy Investments

The Executive Chairman of the New and Renewable Energy Authority (NREA), Mohamed El-Sobki opposed the new and renewable energy companies that had claimed that the sector is currently unattractive for investments.

Italy’s Eni Unveils 420MW Renewables Plan

Italian oil and gas giant ENI plans to develop 420MW of renewable energy projects, predominantly solar PV, close to its existing industrial gas plants across Italy, Egypt and Pakistan.

UK Firm to Lead Renewables Effort in Cuba

Leni Gas Cuba has inked a deal with UK solar power and storage specialists CFS (Commercial Funded Solar) to assess the potential for installation and operating renewable energy and hybrid power solutions in Cuba.

South Africa to Add More Clean Power to Grid

South Africa will connect 7,000MW of renewable power to its grid by mid this year, when the first 47 projects become fully operational, the Energy Minister said.

Total to Buy Battery Maker Saft to Expand Clean Energy

One more after Total announced the creation of a gas, renewables and power division to help drive its ambition to become a top renewable power generation, it agreed to buy France based battery manufacturer Saft Group ...

Egypt’s EFG Hermes Mulls Renewables Investments Rise

Egypt-based investment bank EFG Hermes is planning to increase the investments it manages in renewable energy from the current $831m to between $1.7 and $2.3b in the next two years.

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