EGYPT TURNS BACK TO SUN AS KING
Solar energy boom in Egypt
February 10, 2016 (Africa News)
“…[Egyptian homeowners are tapping into the sun’s power through a feed-in-tariff system created [in 2014] by the government…[Once the land of the Sun King, Egypt's new solar policies have brought the banking sector into solar finance so] the owner pays the cost…over seven years without an initial down payment...[It has enabled one developer] to finish 35 projects…[and raised state concerns about] solar power on a mega-project scale…With advancements in the energy sector, more companies are moving towards establishing a solar energy base…[The government] plans to build solar and wind power plants over three years to generate a combined 4,300 megawatts of power.” click here for more
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