CAIRO: Egypt has signed renewable vitality offers price 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 purpose might be in danger with out extra worldwide help.
The primary venture would be the building 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 mentioned.
It could have a technology capability of 1.7 gigawatts supported by battery storage methods with a complete capability of 4 gigawatt hours.
A second venture might be a Sungrow manufacturing facility to fabricate vitality storage batteries on the Suez Canal Financial Zone. A share of the manufacturing facility’s output can be provided to the primary venture, the cupboard mentioned.
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 methods, the Norwegian firm mentioned in an announcement.
