Foreign investment in Egypt's burgeoning solar sector is ramping up with a slew of international companies announcing, financing, developing and building projects in the country. In its recently published report, Egypt's Solar Energy Market: FiT Program and Beyond 2015, the Egypt Solar Industry Association (Egypt-SIA) has listed eight major current projects in various stages of development. Among them, Saudi Arabian business conglomerate Fawaz Alhokair Group plans to invest $3.5 billion to develop 2 GW of solar power capacity across the country. The Terra Sola Consortium likewise plans to invest the same amount to also build 2 GW of PV plants in Egypt. On a smaller scale, Abu Dhabi-based solar PV developer Enviromena has already completed a 10 MW solar PV power plant in the historic oasis town of Siwa, one of Egypt's most isolated settlements. Inaugurated in March, the project was financed by a $25 million grant from the United Arab Emirates government and carried out in collaboration with Abu Dhabi-based renewable energy company Masdar. Access Infra Africa, founded by UAE-based Access Power and France's EREN De´veloppement, is planning to invest ...Den vollständigen Artikel lesen ...