The New and Renewable Energy Authority (NREA) will start to withdraw land granted for wind energy projects under the feed-in tariff system next week. Sources at the NREA told Daily News Egypt that nine companies obtained land for the implementation of wind power plants in the Gulf of Suez region as part of the feed-in tariff programme. Therefore, they will be unable to finance their projects on the scheduled date of 28 April, according to the feed-in tariff project’s terms. The second phase of the feed-in tariff projects began on 28 October 2016. These terms also stipulate that 60% of the financing of those wind energy projects shal be provided by foreign sources and the other 40% from local sources.

Source: Daily News Egypt April 22, 2018 17:15 UTC