Egypt launches 1st-ever solar energy-powered wholesale market

Ahram Online , MENA , Sunday 13 Feb 2022

Egypt launched on Saturday the first-ever solar energy-powered wholesale market project in Alexandria, which is part of the EU-financed MAIA-TAQA pilot project that promotes solar cooling applications in south MED countries.

 solar energy

The project includes a solar photovoltaic unit with a capacity of 100 kilowatts, which is sufficient to cover the entire market's energy needs and is linked to the unified grid, to sell the surplus generated energy.

In a statement released following the launch ceremony, Egypt's Minister of International Cooperation Rania Al-Mashat hailed close cooperation between Egypt and the development partners of the European Union to support the country’s efforts to shift towards a green economy.

The step comes as the country is intensifying joint work with partners in light of the  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 also partnered with development banks to attract private investments in the renewable energy sector.

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

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

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