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  1. Egypt: the race to get FiT

    Tuesday, May 12, 2015 10:54 am by and

    The Government of Egypt has said that it must invest US$12 billion in the electricity sector over the next five years in order to meet the country’s urgent electricity demands. Renewable energy will be a key component, with investment in the sector anticipated to exceed US$10 billion.

    In recent years, renewable energy projects in Egypt have been developed under four separate schemes. Two have followed a competitive bid process. Under the first scheme, the New & Renewable Energy Authority (NREA) procured 750 MW of wind power capacity and a further 10 MW of solar capacity. Under the second scheme, Egypt has sought to procure 450 MW of renewable energy supply on a build-own-operate (BOO) basis. (more…)


  2. Egypt’s Renewable FiT Program Gathers Pace with the Release of Draft Project Documents

    Sunday, April 12, 2015 2:38 pm by

    Hot on the heels of the long-awaited release of definitive guidelines on SPV incorporation (on which we reported on 7 April), the Egyptian Electricity Transmission Company has released discussion drafts of the major project documents proposed for Egypt’s renewable feed in tariff. This programme was launched at the end of 2014 and the first round of bidders was prequalified almost immediately thereafter. Those prequalified bidders are now gearing up to execute their projects – and it is becoming increasingly apparent that this will require them to move with some rapidity. (more…)


  3. EgyptERA Issues Final Guidelines for the Renewable FiT Program

    Tuesday, April 7, 2015 9:59 am by

    egyptwindturbines2Egypt’s Egyptian Electric Utility and Consumer Protection Regulatory Agency – EgyptERA – has issued its long-awaited guidelines on special purpose vehicle incorporation.  These guidelines are identical to the draft guidelines on which we reported on 24 March.

    As expected, the guidelines permit a prequalified developer to hold equity sufficient to build up to 100MW per substation and in each of the solar and wind programmes.  It is understood that there will be four separate solar project substations and five separate wind project substations.   Therefore, a single qualified developer could theoretically hold up to 400MW worth of solar projects and up to 500MW of wind projects in the programme. (more…)


  4. EgyptERA Expected to Issue Guidelines for the Renewable FiT Program – With a Plot Twist!

    Tuesday, March 24, 2015 8:17 am by

    Egypt’s Egyptian Electric Utility and Consumer Protection Regulatory Agency is expected to issue long-awaited guidelines on special purpose vehicle incorporation.   In recent days it has emerged that these guidelines will be more flexible than previously expected.  This is expected to be particularly welcome news to  prequalified developers interested in participating in multiple projects within the feed In tariff programme.

    However, it is expected that the rules will require developers seeking to maximise their participation in the program to act quickly.  (more…)


  5. Alternate Currents – The Latest on Egypt’s Feed in Tariff for Renewable Power

    Wednesday, March 11, 2015 11:31 am by

    478926805_SolarOn Thursday, 5 March, Bracewell & Giuliani, Shalakany Law Office and the Middle East Solar Industry Association hosted a webinar: Alternating Currents – the latest on Egypt’s Feed In Tariff for Renewable Power.

    A distinguished panel discussed the FiT program and in particular, the guidelines on SPV formation and other issues just minutes after they were made available to prequalified bidders.

    A recording of this webinar is available here.


  6. Egypt Renewable FiT Taking Shape

    Wednesday, February 11, 2015 9:12 am by , and

    Egypt’s renewable Feed In Tariff (FiT) continues to take shape, albeit at a slightly reduced speed than expected earlier.  Happily, the additional time appears to be being used to respond to constructive comments from developers and other stakeholders.  It is also expected that some clarifications will be issued in writing.  Developers are reporting that up to now many details are only emerging verbally in face to face meetings, which many have found somewhat frustrating. (more…)


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