Karm Solar Company announced its endorsement of The Egyptian Ministry of Electricity's FiT program and agreed to the Power Purchase Agreement terms in regards to domestic arbitration.
The Egyptian New and Renewable Energy Authority (NREA) prepared a tender to construct a new solar power plant in Hurghada with a capacity of 20 MW. The Japan International Cooperation Agency’s (JICA) offered to fund the project.
Egypt announced on November 30th the opening of the region’s largest wind farm in the Gabal al-Zeit area near the Red Sea. The wind farm is estimated to bring between 150 and 200 megawatts to the Egyptian electricity grid.