In September 20, 2014 H.E. Minister of Electricity and Renewable Energy announced the Feed-in Tariff (FiT) for both wind energy projects and solar Photovoltaic, PV, applications.
The announced FiT is expected to open the door to disseminate both wind and PV technologies in different sectors, such as residential and commercial. Project’s scale varies from small-scale to large-scale, too. Such step will help Egypt to face the increasing demand on energy.
The target is to erect 4300 MW from both wind and PV during two years through FiT scheme. Wind will share with 2000 MW, meanwhile PV will participate with the remaining portion. The implementation plan relays on the role of the private sector. Power purchase agreements will be valid for 20 and 25 years for both wind and PV, respectively.
By the way, renewable energy targets in Egypt are: generate 20% of electricity from renewable energy sources by the year 2020 and to install 3500 MW from solar technologies.
The outlines of FiT are as follows:
a) Wind Energy Projects
b) PV projects