Solar Energy | Egypt Oil & Gas - Part 3

Egyptian Finance Ministry to Issue Letters of Guarantee for 30 Solar Firms

The Egyptian Ministry of Finance plans to issue letters of guarantee for 30 solar energy firms under the terms of phase II of the Feed-in-Tariff (FiT) program.

UK Providing $97M for the Benban Project

Britain will invest more than $97 million in the Benban Solar Park.

Egypt Signs Loan Facility Worth $653M for Solar Plants

The Egyptian government signed 13 agreements with a banking consortium led by the International Finance Corporation (IFC) to fund the construction of 13 solar-power plants with a total capacity of 590 megawatts (M ...

AfDB to Finance Three Projects within Egypt’s FiT Program

The African Development Bank (AfDB) is considering financing three projects within the Feed-in Tariff (FiT) program in Benban, Aswan for $60m.

SN to Fund Solar Energy Companies in Nigeria

Solar Nigeria Program (SN) will provide additional $16.17m to reputable solar energy companies in Nigeria to assist their ongoing projects. The grant would help strong companies to accelerate their expansion to provi ...

Egypt Allocated $440m for Renewables

New and Renewable Energy Authority (NREA) allocated around $440m for renewable energy projects in fiscal year 2017/2018 compared to $220m in 2016/2017.

Spain to Invest in Egypt’s Solar Energy Sector

Spain is planning to pump new investments into Egypt to produce solar cells in the coming period, Egyptian Minister of Trade Tarek Qabil announced.

Three Companies Make It to FiT phase(1)

The Egyptian Electricity Holding Company chief ,Eng. Gaber El Dessouky, said that three companies out of nine made the cut for phase one of FiT program.

Egypt Aims for New Solar Projects

Egypt's Minister of Industry and Trade, Tarek Kabil, announced that the ministry will establish a new solar energy project for industrial purposes within the next five years, in cooperation with the United Nations' I ...

Solar Energy Companies Threaten to Withdraw from FiT

More energy companies could be withdrawing from phase one of the feed in tariff (FiT) program if the Electricity Ministry doesn’t respond to their financial and technical offers soon.

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