Egypt launches first-ever solar-powered wholesale market – Company – Egypt

The project includes a photovoltaic solar unit with a capacity of 100 kilowatts, sufficient to cover all the energy needs of the market and connected to the unified network, to sell the excess energy produced.

In a statement issued after the launching ceremony, the Egyptian Minister for International Cooperation, Rania Al-Mashat, praised the close cooperation between Egypt and the European Union’s development partners to support the country’s efforts to transition to a green economy.

The milestone comes as the country steps up joint work with its partners in light of preparations to host the 27th edition of the United Nations Climate Change Conference (COP27) by the end of 2022, the minister added.

Since 2014, the Egyptian government has been working to develop renewable energy sources to ensure energy security. It has also partnered with development banks to attract private investment in the renewable energy sector.

Additionally, the country has implemented several renewable energy projects over the past decade, including the Benban Solar Park in Aswan, Upper Egypt, which houses more than 32 solar power projects from photovoltaic cells. with a total capacity of approximately 1,465 megawatts.

As many as 32 solar power plants are operational in Egypt, with total output last year amounting to around 4,500 gigawatt hours (GWh), according to a cabinet statement released earlier this month.

Short link:

About Timothy Cheatham

Check Also

Kellogg Company and Associated Wholesale Grocers Team Up to Donate Thousands of Dollars to Food Banks Feeding America

KANSAS CITY, Kan. – Kellogg Company and Associated Wholesale Grocers, Inc. (AWG) donated $25,000 to …