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Tag: Solar energy
residential-solar-panels

Tapping into the Sun at Home: Residential Solar Benefits, ROI, Installation, and Upkeep

Posted: June 9, 2021 at 1:51 pm   /   Renewables

The Complete Guide to Residential Solar Benefits, Installation, and Ownership Solar panels convert light from the sun into electricity. They are used to charge remote power systems, operate telecommunications equipment, and keep homes and businesses running. Although a solar array requires a substantial initial investment, solar panels are an energy-efficient upgrade that have many benefits, […]

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solar

Private sector companies invited to bid in bumper solar tender

Posted: December 5, 2020 at 9:00 pm   /   Renewables

Private sector companies will be invited to bid in a new tender to construct solar projects with a combined capacity of 550 MW, Al Mal reports, citing sources in the Energy Ministry. The combined cost of the plants is expected to come at EGP 9.5 bn (c. USD 600 mn), the sources said without disclosing […]

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africa-renewables

Rystad: Egypt on track to become Africa’s ‘green powerhouse’ by 2025

Posted: November 28, 2020 at 2:08 pm   /   Renewables

Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025 Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another […]

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Benban

EETC settles EGP 1.6 bn cost-sharing bill increase with Benban solar companies

Posted: October 7, 2020 at 7:14 pm   /   Renewables

Benban solar developers get EGP 300 mn reduction in cost-sharing bill: Solar power developers operating at the Benban solar power park have reached an agreement with the Egyptian Electricity Transmission Company (EETC) to lower the cost-sharing bill to EGP 1.6 bn from EGP 1.9 bn, the local press reports, citing unnamed sources at the EETC. […]

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EFG Hermes

Egypt’s EFG Hermes sells UK Solar Assets for over $600 million

Posted: October 5, 2020 at 10:13 pm   /   Renewables

The deal values Vortex III portfolio at almost $650 million  EFG may invest $600 million building a new renewable portfolio  Egyptian investment bank EFG-Hermes Holding Co. sold a controlling stake in a U.K. solar-energy portfolio to a Malaysian utility in a deal that values the assets at 500 million pounds ($647 million). EFG-Hermes’s private equity […]

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Solar

Electricity generation capacity glut forces companies to think smaller on solar

Posted: August 31, 2020 at 1:59 pm   /   Renewables

Qalaa Holding’s TAQA Arabia will be focusing on small-scale solar projects to the tune of 2-10 MW in Egypt for the next two years, as the government slows down reliance on renewables amid a production glut, the company’s project director Mohamed Osama said at a webinar hosted by EQ Magazine and the Middle East Solar […]

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Solar

TAQA Arabia to increase investment in MENA renewable projects

Posted: August 31, 2020 at 1:56 pm   /   Renewables

Company to focus on small solar plants, rooftop projects in Egypt: Egypt’s TAQA Arabia is looking to increase investment in renewable projects in the Middle East and Africa, according to a senior company official. “We are studying several projects in the Middle East and Africa and expect procurement in the solar sector to be strong […]

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Solar energy - Wartsila Africa - Ville Rimali Flexibility op-ed

How Egypt banks on renewables to meet expected surge of energy demand: Op-Ed by Toufik Khitous, Wärtsilä Energy Business

Posted: July 16, 2020 at 2:40 pm   /   Renewables

Op-ed, By Toufik Khitous, Business Development Manager for North Africa, Wärtsilä Energy Business. To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?  Egypt’s population has now passed 100 million. As one […]

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Voltalia

Voltalia: Renewables could be the next big winner in Post-Covid Egypt

Posted: July 8, 2020 at 2:27 pm   /   Electricity & Power, Renewables

OPINION: In recent months there have been important developments that mark a sea-change in the potential for renewables in Egypt. If the Government can address the final remaining challenges, Egypt could be on the path to become a regional renewable leader by 2035. * by Karim El Azzawy, Country Manager, Voltalia Egypt and Craig Windram, […]

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key energy

IEG’s Key Energy 2020, The Energy Transition Changes The Look Of Cities

Posted: June 29, 2020 at 4:29 pm   /   Renewables

Clean and advantageous for the economy: convenient renewable energy on utility bills change day-to-day life. Starting from the cities to which LUMIexpo, the new section of the Renewable Energy Expo (Rimini Expo Centre, 3-6 November 2020) is dedicated. From the building trade to energy communities, the digital world, Utilities’ role and electric vehicles, Key Energy […]

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