Thirty-one companies operating in the field of renewable energy are participating in the second phase of the feed-in tariff projects to establish solar and wind projects with a capacity of 1,845 megawatts and investments worth $3bn. Also, eight companies are participating to establish wind plants with a total capacity of 550 megawatts in Gulf of Suez. The lands delivered by the investors who withdrew from the feed-in tariff projects will be delivered to these six companies. According to the execution controls of the second phase of the feed-in tariff programme of the renewable energy projects, 60% of the financing of the wind power projects should be from foreign financing sources and the remaining 40% should be from local financing sources. With regard to the solar power projects, the controls stipulate that 70% of their financing should be from foreign financing sources and the remaining 30% should be from local financing sources.

Source: Daily News Egypt January 12, 2017 12:48 UTC