2014 saw Egypt launch an ambitious program to procure 12,000 megawatts (MW) of renewable energy capacity by 2020 – the largest renewable energy target in the Middle East and North Africa (MENA) region, after Saudi Arabia. On 20 October 2014, the Egyptian government issued a request for qualification to participate in the initial procurement round of its freshly issued feed-in tariff program for renewable energy. Soon after the passing of the 26 November 2014 deadline to submit qualification requests, reports suggested that the Egyptian Electricity Transmission Company (EETC), Egypt’s renewable energy procurement arm, had received 177 submissions. And so, as the year-end approached market participants wondered how long EETC would take to process submissions and announce results.
However, Egypt surprised market participants by releasing in the first week of January 2015 its shortlist of 110 qualified applicants for 13 small-to-medium scale solar photovoltaic facilities (i.e. up to 20MW), 69 large-scale solar photovoltaic facilities (20-50MW) and 28 wind facilities ranging from 20 to 50MW. [Read more]