Polaris solar PV net news: recently, Egypt has announced that the Government adjust the rules and regulations relating to solar power expansion plans in order to attract more international investors.
At present, Egypt has allowed the Government to international arbitration to settle the dispute. Prior to this, Egypt does not allow foreign arbitration, nor allow foreign investment project developers.
Egypt power and energy has announced that solar power projects have been reduced price. 500-kilowatt to 20 MW-scale project tariffs had decreased to US ¢ 7.8/kWh and 20-50 MW-scale solar projects also dropped from US ¢ 14.0/kWh US ¢ 8.4/kWh.
In addition, Egypt also plans to wind energy by 2022 target up to 2 gigawatts of capacity, total capacity of 2.3 gigawatts of solar power. That same year, Egypt’s share of renewable energy in the electricity market will increase 20%.
Original title: Egypt adjusting solar power plan to attract international investors