Cairo, Egypt, July 30, 2015 –(PR.com)– Egypt is attracting huge interest from hopeful solar developers, who are expecting the Egyptian government’s solar FDI strategy to jump start the market.
Egypt is aiming to install 2.3 GW of solar by 2017, with a renewable energy target of 20% by 2020, and foreign investors are already planning multi-GW projects well beyond that. Recently, Egypt’s Ministry of Electricity and Renewable Energy have signed seven binding memoranda of understanding (MOUs) totalling 320 MW of solar projects worth some $500 million under the government’s feed-in tariff (FIT) program.
In addition, there is a new wave of announcements from the solar industry declaring gigawatts of development and billions of dollars in investment, not only in PV power plants, but also in manufacturing facilities, research and development, and training.
Egypt’s Ministry of Electricity and Renewable Energy has already begun to establish favourable policies and a regulatory framework to help make solar energy a true alternate large-scale source of Egypt’s energy mix.
While these activities are promising it remains to be seen how soon construction will begin on the first large scale solar projects.
Solar Projects Egypt 2015
Being held from 27-28 October 2015, the Solar Projects Egypt 2015 provides a vital and timely platform for government representatives, investors, developers, consultants, EPC contractors, financiers, legal firms and solar technology providers to discuss the critical issues and strategies to successfully deliver Egypt’s solar projects over the next couple of years.
The Solar Projects Egypt 2015 is being organized by Advanced Conferences & Meetings (ACM) and will bring a stellar line-up of speakers from the Ministries and private sector to discuss the latest developments including regulatory updates, financing, procurement and construction issues.
For further information about the conference, please visit www.solarprojectsegypt.com
Advanced Conferences & Meetings
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