Egypt Inks Deals for $662 Million of Solar Amid Currency Crunch

  • Eight companies signed power purchase agreements with state
  • High feed-in tariffs reflect country’s currency risks: BNEF

Egypt Allows Currency to Float in Economic Overhaul

Egypt has agreed to buy about 400 megawatts of solar capacity, a sign that developers are slowly moving forward with clean-energy projects after a currency crisis in the country this year slowed the industry.

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