solar | Egypt Oil & Gas - Part 2

Solar Sector Attracts $1.8B in Investments

Egypt’s solar energy sector has garnered $1.8 billion in investments, Amwal Al Ghad reports. Two of the biggest investors are the World Bank’s International Financial Corporation (IFC) and the European Bank of Reconst...

EBRD, ICD to Provide $57 million for Solar Project

The European Bank of Reconstruction and Development (EBRD) will provide $28.5 million in financing for a solar plant in Aswan, Egypt Oil & Gas reports. The Islamic Corporation for Development (ICD) will provide a ...

Mozambique to Develop First Solar PV Power Plant

Mozambique is planning to develop its first solar photovoltaic (PV) power plant, ESI-Africa reported. The project will be funded by a consortium of financiers. The project will entail a total investment of $80m. The I...

Egypt’s Government Finalized the Energy Strategy

Egypt’s government completed preparing its energy strategy and is set to implement it starting next year, in coordination with the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity, Dai...

Alfanar Energy Signs PPA for 50 MW Solar Plant

Alfanar Energy recently signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company  (EETC) for 50MW PV plant under the Feed–in–Tariffs (FiT) Program. The plant will be located at the pr...

Norway’s Scatec to Lauch Solar Projects in BenBan

Norwegian project developer Scatec Solar has signed 25-year solar projects with the government of Egypt. The schemes, all of which are located in the BenBan area near Aswan, were selected by the country’s Ministry of ...

South Korea in Talks to Fund Solar Power Plant in Hurghada

Egypt’s New and Renewable Energy Authority(NREA) Chairman, Mohamed Omran, said that South Korea is in talks to fund a 20MW solar power plant in Hurghada, according to Al Mal. If approved, the plant would cost $3...

Egypt and Saudi Aramco to Discuss Shipments

An official source at the Egyptian Ministry of Petroleum and Mineral Resources stated that The Egyptian General Petroleum Corporation(EGPC) and Saudi Aramco will hold meetings by April 2017 to set the supply schedule ...

Nigeria Mulls Investment in Solar Power Projects

Nigeria has been considering solar energy to generate more of its power. According to the Renewable Energy Association of Nigeria (REAN), Senators in the capital of Abuja are debating allocation of $30m to solar proje...

ADFD to Inject $50m into Renewables

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have officially launched the fifth round of funding for renewable energy projects in developing countries. The funding ro...

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