- Date: October 09, 2017
- End Date: October 10, 2017
- Location: Cairo, Egypt
The Egyptian government is investing billions of dollars into new renewable energy projects to facilitate the development of wind and solar power plants across the country. Egypt has committed to increase its share of renewables in the country’s power mix to 20% by 2022 and 37% by 2035.
Egypt’s New and Renewable Energy Authority (NREA) has recently awarded the winning consortiums projects for round one of their Feed in Tariff (FIT) solar programme and are moving ahead with round two of project development. Three companies have already made the cut for phase one while the remaining pushed to phase two. This is expected to generate massive interest from Egyptian and foreign companies vying to get involved in the promising solar industry. Power Purchase agreements (PPAs)have already taken their first step towards completion with letters of commitment submitted by developers ahead of the final proposal submission deadline in October 2017. To further ensure interest and robust benefits to all parties’ contractual clauses allowing international arbitration have been included.
The 3rd Annual Solar Projects Egypt conference will bring the value chain to discuss updates in the Egyptian energy sector and of course the new PPAs that are up for tender. Egypt’s massive population creates an enormous energy demand, which may strain the government’s budget but also opens opportunities to invest in technologies to meet its growing need. The Annual Solar projects Egypt conference 2017 is the place to discuss these issues.
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Find out more information at: http://www.solarprojectsegypt.com/