German photovoltaic energy storage cairo

Does Egypt have a high photovoltaic power potential?

This map shows high photovoltaic power potential in Egypt, where the sun shines for 9 to 11 hours a day all year. Egypt began laying the groundwork for the US $4 billion Benban project after enduring repeated blackouts, caused by severe fuel shortages, that reached their worst point in August 2014.

Will Benban inspire investors to build more solar projects in Egypt?

After his firm completed a Benban project for the company IB Vogt, Elsheikh soon heard from other developers that needed help with their own projects there. He says Benban has already started to inspire investors to consider building more utility-scale solar PV projects in Egypt.

Is Egypt a good place to invest in solar energy?

Egypt has plenty of land and high solar yields, “making renewables highly competitive against other sources of energy,” the Scatec spokesperson said. But the main limiting factor is the high cost of financing as a result of rising global interest rates, they added.

Is Benban a 'big ocean' of photovoltaics?

Photo: Dominic Chavez/IFC Mohamed Elsheikh, a contractor who has worked at Benban, says the desert site now looks like “a big ocean” of photovoltaics. Orabi, who has consulted on several projects at the park, estimates that more than 80 percent of installations there are now complete.

Does Scatec have a solar portfolio?

Scatec claims to have a portfolio totaling 4.7 GW of renewable energy plants in operation and under construction across four continents. In August, the company sold stakes in solar plants in Rwanda and South Africa, which it said would help finance further growth opportunities.