A host of development finance institutions (DFIs) are lining up to support approximately 1.5GW of solar photovoltaic projects in the second round of Egyptian Electricity Transmission Company’s solar feed-in tariff (FiT) programme. Many of the 33 candidate projects that are still in the running are expected to reach financial close in August or September, before a 27 October deadline. The Benban solar park in Upper Egypt, where the projects will be located, will become the largest installation of its kind in the world and will raise hopes of establishing a commercially competitive solar industry in the country.
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