TAQA Arabia To Increase Investment In MENA Renewable Projects

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Egypt’s TAQA Arabia is looking to increase investment in renewable projects in the Middle East and Africa, according to a senior company official.

Mohammed Ossama, Project Director at TAQA Arabia, said speaking at a webinar organised by EQ Magazine and Middle East Solar Association (MESIA) sais “We are studying several projects in the Middle East and Africa and expect procurement in the solar sector to be strong in 2021. We are working on several tenders totaling 200-300 MW that are expected to be closed in 2021”.

In Egypt modest 50-60 MW of solar capacity annually might be added, he concluded.

Recently, The Industrial Modernization Center (IMC) of the Ministry of Industry and Foreign Trade has approved the construction of a small 90 kWp solar power plant.It aimed to supply solar energy to the University of Zagazig in Egypt.

This power plant is part of the Egypt-PV project.It is financed by the Global Environment Facility (GEF) and it has been implemented by the United Nations Development Programme (UNDP) which will act as the GEF Implementing Agency.

The project targets to install small grid-connected solar photovoltaic systems for households, small and medium-sized enterprises. According to Egypt-PV officials the target is to facilitate at least 4 MWp of new decentralized private PV capacity during the lifetime of the project.

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