CAIRO: Egypt has signed renewable vitality offers value a mixed US$1.8 billion, state TV reported on Sunday (Jan 11).
Among the many offers have been contracts with Norwegian renewable vitality developer Scatec and China’s Sungrow.
Egypt hopes to have renewable vitality attain 42 per cent of its electrical energy technology combine by 2030, however officers say the aim can be in danger with out extra worldwide assist.
The primary venture would be the development by Scatec of a photo voltaic vitality plant to generate electrical energy and vitality storage stations in Higher Egypt’s Minya, an Egyptian cupboard assertion stated.
It could have a technology capability of 1.7 gigawatts supported by battery storage programs with a complete capability of 4 gigawatt hours.
A second venture can be a Sungrow manufacturing unit to fabricate vitality storage batteries on the Suez Canal Financial Zone. A share of the manufacturing unit’s output can be equipped to the primary venture, the cupboard stated.
The offers additionally embody energy buy agreements, with Scatec signing a deal for a complete capability of 1.95 gigawatts and three.9 gigawatt hours of battery storage programs, the Norwegian firm stated in an announcement.
