TECH Egypt expects giant solar park to be fully operational in 2019

TECH

Egypt expects giant solar park to be fully operational in 2019

CGTN

00:50, May 07, 2019

Solar.jpg

Solar panels. (Photo: VCG)

Egypt expects the 1.6-gigawatt solar park it is building in the south of the country to be operating at full capacity in 2019, the investment ministry said in a statement on Sunday.

The two-billion-US-dollar project, set to be the world's largest solar installation, has been partly funded by the World Bank. Some parts of it are already operating on a small scale, while other areas are still undergoing testing.

Egypt aims to meet 20 percent of its energy needs from renewable sources by 2022 and up to 40 percent by 2035. Renewable energy currently covers only about three percent of the country's needs.

"Egypt's energy sector reforms have opened a wider door for private sector investments," World Bank president David Malpass said during his visit to the site alongside Egypt's Investment Minister Sahar Nasr.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue