Egypt offers 380 sq km for solar and wind investment

By Anna Vassileva

Egypt has earmarked about 380 square kilometres (93,900 acres) of land in Beni Suef Governorate for private investment in renewable energy projects, offering an area capable of hosting up to 2 GW of wind power or 20 GW of solar capacity.

The land is part of a 538-square-kilometre area that the General Authority for Investment and Free Zones has made available to the New and Renewable Energy Authority for the development of renewable energy power plants.

Part of the site has already been allocated to investors, leaving around 380 square kilometres for new projects. The remaining land will be offered to multiple investors and the number of investment opportunities will be determined by the size of each proposed project.

The available sites are intended for the construction of wind and solar power plants that will either supply electricity to the national grid or support green hydrogen production.

The projects will be developed under a usufruct arrangement, with investors required to pay a minimum fee equivalent to 2% of the annual energy produced.

This article has been republished from The Renewables Now.