Egypt has signed renewable energy deals worth a combined $1.8 billion, state television reported on Sunday.<\/p>\n
Among the deals were contracts with Norwegian renewable energy developer Scatec and China’s Sungrow.<\/p>\n
Egypt hopes to have renewable energy reach 42% of its electricity generation mix by 2030, but officials say the goal will be at risk without more international support.<\/p>\n
The first project will be the construction by Scatec of a solar energy plant to generate electricity and energy storage stations in Upper Egypt’s Minya, an Egyptian cabinet statement said.<\/p>\n
It would have a generation capacity of 1.7 gigawatts supported by battery storage systems with total capacity of 4 gigawatt hours.<\/p>\n
A second project will be a Sungrow factory to manufacture energy storage batteries at the Suez Canal Economic Zone. A share of the factory’s output would be supplied to the first project, the cabinet said.
\nThe deals also include power purchase agreements, with Scatec signing a deal for total capacity of 1.95 gigawatts and 3.9 gigawatt hours of battery storage systems, the Norwegian company said in a statement.<\/p>\n
–Reuters–<\/p>\n","protected":false},"featured_media":16300,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-22286","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Egypt hopes to have renewable energy reach 42% of its electricity generation mix by 2030.","published_date":null,"news_description":"Egypt hopes to have renewable energy reach 42% of its electricity generation mix by 2030.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22286\/revisions"}],"predecessor-version":[{"id":25635,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/22286\/revisions\/25635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16300"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=22286"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=22286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}