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Solar twice oversubscribed in Middle East’s first GW-scale tender

Egypt’s recent renewable energy tender was twice oversubscribed for solar projects, it has been revealed.

The Egyptian government is expected to reveal the full list of pre-approved projects in the region’s first gigawatt-scale tender later today.

The law firm Eversheds hosted an event in December with the chairman of Egypt’s New and Renewable Energy Authority and the managing director of the electricity regulator, EgyptERA. The subject of the country’s 4.3GW feed-in tariff programme was raised. The scheme includes 2GW of large-scale solar, 300MW of PV projects under 500kW and 2GW of wind.

Read the full story from PV-Tech

Follow-up (6 January)

The Egyptian government is expected to reveal the full list of pre-approved projects in the region’s first gigawatt-scale tender later today. PV plants between 500kW and 20MW will receive a rate of US$0.136/kWh. Project between 20 and 50MW will be offered US$0.1434/kWh. Contracts will be offered for a 25-year term.

Less than 20 MW • More than 20 MW • Wind