{"id":933,"date":"2024-11-13T01:24:00","date_gmt":"2024-11-12T21:24:00","guid":{"rendered":"https:\/\/www.utilitybusinessmena.com\/?p=933"},"modified":"2024-11-13T01:24:00","modified_gmt":"2024-11-12T21:24:00","slug":"egypt-introduces-tariffs-for-solar-energy-storage-to-boost-investment","status":"publish","type":"post","link":"https:\/\/cheeltech.com\/utilitybusinessmena\/electricity\/egypt-introduces-tariffs-for-solar-energy-storage-to-boost-investment","title":{"rendered":"Egypt introduces tariffs for solar energy storage to boost investment"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/wind-energy\/ebrd-evaluates-200-million-financing-for-1-1-gw-wind-project-in-egypts-gulf-of-suez\" data-type=\"post\" data-id=\"926\" rel=\"nofollow noopener\" target=\"_blank\">Egypt<\/a> has announced new tariffs for solar <a href=\"https:\/\/www.utilitybusinessmena.com\/power\/energy-storage\/chinas-hithium-energy-partners-with-saudi-arabia-to-build-5gwh-energy-storage-facility\" data-type=\"post\" data-id=\"763\" rel=\"nofollow noopener\" target=\"_blank\">energy storage<\/a>, a major policy shift aimed at accelerating <a href=\"https:\/\/www.utilitybusinessmena.com\/renewable-energy\/renewable-energy-rise-under-threat\" data-type=\"post\" data-id=\"177\" rel=\"nofollow noopener\" target=\"_blank\">renewable energy<\/a> investments.<\/p>\n\n\n\n<p>The country\u2019s Ministry of Electricity and Renewable Energy has set pricing for solar energy generated and stored in battery systems, according to local media.<\/p>\n\n\n\n<p>Under the new structure, privately-owned projects developed on a build-own-operate (BOO) model will be compensated at a rate of $0.023 per kilowatt-hour (kWh). In contrast, projects where the government retains ownership of the solar facilities but private investors provide storage capacity will receive a slightly lower tariff of $0.014 per kWh.<\/p>\n\n\n\n<p>This move comes as Egypt pushes to diversify its energy mix and reduce reliance on traditional fossil fuels.<\/p>\n\n\n\n<p>Key projects underway include a one-gigawatt solar plant in Benban, which will be Africa\u2019s largest solar facility once complete, with a storage capacity of 600 megawatt-hours. This project is being developed by UAE-based AMEA Power, along with other initiatives by major players such as Masdar and Hassan Allam Utilities.<\/p>\n\n\n\n<p>The tariff announcement is expected to attract further investments in Egypt&#8217;s solar energy sector, particularly in storage technologies, which are critical for stabilizing renewable energy supply.<\/p>\n\n\n\n<p>By encouraging private sector participation through competitive pricing, Egypt aims to establish itself as a renewable energy hub in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt&#8217;s Ministry of Electricity and Renewable Energy has set pricing for solar energy generated and stored in battery systems<\/p>\n","protected":false},"author":2,"featured_media":581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,36,1025,40,428,41,559],"tags":[157,158,713,1075,159,1076,170,42,89],"class_list":{"0":"post-933","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-climate-change","8":"category-electricity","9":"category-energy-storage-renewable-energy","10":"category-news","11":"category-power","12":"category-renewable-energy","13":"category-solar","14":"tag-amea-power","15":"tag-battery-energy-storage-system-bess","16":"tag-battery-energy-storage-systems","17":"tag-build-own-operate-boo","18":"tag-egypt","19":"tag-hassan-allam-utilities","20":"tag-masdar","21":"tag-renewable-energy","22":"tag-solar"},"_links":{"self":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/comments?post=933"}],"version-history":[{"count":0,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/posts\/933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media\/581"}],"wp:attachment":[{"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/media?parent=933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/categories?post=933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cheeltech.com\/utilitybusinessmena\/wp-json\/wp\/v2\/tags?post=933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}