Egypt Opens First-Ever Solar-Powered Wholesale Market – Society – Egypt

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The project includes a photovoltaic solar array with a capacity of 100 kilowatts, enough to meet the entire energy needs of the market, connected to the unified electricity grid to sell the excess energy produced.

In a statement released after the opening ceremony, Egyptian Minister for International Cooperation Rania Al-Mashat welcomed the close cooperation between Egypt and the European Union’s development partners to support the country’s efforts to transition to a green economy.

The move comes as the country intensifies joint work with partners in light of preparations to host the 27th edition of the UN Climate Change Conference (COP27) by the end of 2022, the minister added.

Since 2014, the Egyptian government has been working to expand renewable energy sources to ensure energy security. It has also partnered with development banks to attract private investment in renewable energy.

In addition, the country has implemented several renewable energy projects over the past decade, including the Benban Solar Park in Aswan, Upper Egypt, which hosts more than 32 photovoltaic cell solar energy projects with a total capacity of about 1,465 megawatts.

As many as 32 solar power plants are operational in Egypt, with total production over the last year standing at about 4,500 gigawatt hours (GWh), according to a cabinet statement earlier this month.

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