Previous Post
There's a Clothes Swap Happening in Cairo This Friday
Next Post
#GetScene: 7 Awesome Instagram Photos This Week

$500 Million Worth of Solar Panels to be Built in Aswan

Egypt's ambitious goal to increase renewable energy to 22 percent by 2020 takes a positive step forward after a Norwegian company agrees to build 40 solar power plants in Aswan.

On Sunday, Egypt's Investment and International Cooperation Minister Sahar Nasr announced that Egypt aims to increase its renewable energy by 22 percent come 2020. The announcement was made during a meeting with Norway's Scatec Solar Morten Langsholdt, who agreed to invest $500 million in October to develop 40 solar power plants in Aswan's Benban village.

The proposed plan by Norway's Scatec aims to complete the 40 solar power plants capable of producing 1,800 megawatts by 2018. The $500 million earmarked for the project is expected to be received in October and is the latest instance of a renewable energy company to recognise the potential growth in Egypt's renewable energy market.

According to Nasr, Langsholdt, as well as a number of investors including the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) have expressed interest in investing $3 billion into Egypt's Solar Feed-in Tariff programme.


Todays Events
Oasis Tribute @ Cairo Jazz Club
Bars
Date: 4/19/2018
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club
I-Drop Presents ARTBAT & Aaryon @ Royal Maxim
Parties
Date: 4/19/2018
Time: 6:00pm - 4:00am
Venue: Royal Maxim Palace Kempinski
COMA Showcase by EXIT @ 24K
Bars
Date: 4/19/2018
Time: 10:00pm - 3:00am
Venue: 24K Bar & Restaurant
Ÿuma @ EL Genaina Theater
Concerts
Date: 4/19/2018
Time: 8:00pm - 9:00pm
Venue: El Genina Theater
Estabena @ ROOM Art Space
Concerts
Date: 4/19/2018
Time: 9:00pm - 10:30pm
Venue: Room Art Space
Aida @ Cairo Opera House
Theatre
Date: 4/19/2018
Time: 8:00pm - 11:00pm
Venue: Cairo Opera House
Paul Thomas/Hazem Beltagui/Ashmawy @ CJC 610
Clubs
Date: 4/19/2018
Time: 10:00pm - 3:00am
Venue: Cairo Jazz Club 610
RHCP Tribute w/ Bluezophrenia @ The Tap West
Bars
Date: 4/19/2018
Time: 10:00pm - 3:00am
Venue: The Tap West