• Martifer Solar and NREA (National Renewable Energy Authority) have signed a MoU for availing a 60,26ha land plot in Minya to build a 25MWn solar plant
• The RA SOLAR consortium, comprised of EEC Group and Martifer Solar, was qualified by the Egyptian authorities under the Feed-in-Tariff program
Martifer Solar, a subsidiary of Martifer SGPS, and their local partner, EEC Group, were qualified by the Egyptian authorities to develop a 25 MWn solar plant. The companies have signed a MoU with NREA (National Renewable Energy Authority) for availing a 60,26ha land plot in Minya to build the plant.
The Government of Egypt has adopted a feed-in tariff (FiT) program for both solar and wind energy to target 4.3 GW of new renewable capacity to be implemented by 2017. This program is expected to help the government to reach its ambitious target of generating 20 percent of its energy from renewable sources by 2020.
The 2 GW of utility-scale solar under this FiT program will be constructed among three different land plots made available by the government for the developers. Martifer Solar and EEC Group have been granted land in Minya, which is approximately 245 km south of Cairo and is expected to host around 450MW of solar PV plants.
Nuno Oliveira, Business Development Manager of Martifer Solar, said, “It is an honor for our consortium to have signed the MoU with NREA. We anticipate that, once connected, this project will help Egypt to combat its growing power deficit. It is both a challenging and exciting venture to expand the solar business in another new country within Africa, where we believe that our significant international expertise will be the key driver for success in the region.”
