Find out developments in Egypt's solar energy in 2 years

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Sun, 15 Aug 2021 - 01:18 GMT

Benban Solar Park - Archive

Benban Solar Park - Archive

CAIRO – 15 August 2021: Egypt has embarked on mega solar energy production projects as part of its vision for 2030. We list some figures about the field in the past few years.

- In two years, 126 solar power stations were established across Egypt.

- The capacities of the solar power stations established by the government amount to 1,8 megawatts.

- The capacities of the stations fall between five kilowatts and 500 kilowatts.  

- The economic feasibility of solar energy components and its price are very high all over the world.

Hend Farrouh, director of the Solar Cell Systems Project at the Industrial Modernization Center, told Youm7 on Sunday that solar energy has great economic feasibility and maximizes the local component of projects.

In July, Minister of Electricity and Renewable Energy Mohamed Shaker met with Country Manager of French renewable energy company Voltalia Karim Elazzawy to discuss means of fostering cooperation between Egypt’s electricity sector and the company, in addition to ways to boost its investments in Egypt. The minister said Egypt naturally has a great potential in solar energy because of its bright sun most of the year.

Benban Solar Park in Aswan is the largest solar energy project in the world and is expected to generate up to 1,600 megawatts of energy upon completion.

In April, The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development, the African Development Bank, the Green Climate Fund, and the Arab Bank signed a financing package worth $114 million with ACWA Power to build the largest private solar energy plant in Egypt.

The EBRD said in a statement that the development of the Kom Ombo solar power plant would add 200 megawatts of energy and enhance the private sector’s participation in the Egyptian energy sector.

 

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