Latest news with #ArabRenewableEnergyAuthority
Zawya
3 days ago
- Business
- Zawya
Egypt to build off-grid PV power plant in Djibouti
Arab Finance: The Arab Renewable Energy Authority, affiliated with the Arab Organization for Industrialization (AOI), and Egypt's New and Renewable Energy Authority (NREA) signed a contract to build a 300-kilowatt power station in Djibouti, according to a statement. The joint project will be implemented by deploying off-grid photovoltaic (PV) systems and a battery energy storage solution with a capacity totaling 1,129 kilowatt-hours. Moreover, the agreement affirms Egypt's contribution to boosting clean energy in Africa and transferring technical expertise in the field of renewable energy to neighboring countries. It also comes within the framework of the state's vision to enhance regional cooperation and achieve sustainable development goals. The Arab Renewable Energy Authority serves as the main contractor for the project, while NREA acts as the technical consultant. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
4 days ago
- Business
- See - Sada Elbalad
Egypt Signs Landmark Deal to Build Solar Power Plant in Djibouti
Taarek Refaat In a significant move to deepen regional energy cooperation and advance sustainable development in the Horn of Africa, Egypt has officially signed a contract to construct a 3-megawatt solar power station in Djibouti. The project will utilize off-grid photovoltaic (PV) systems, supplemented with a battery energy storage solution totaling 1129 kilowatt-hours, ensuring stable electricity supply in remote areas. The contract was signed on Sunday in Cairo, marking a milestone in Egypt's growing role as a clean energy partner in Africa. The initiative is being jointly implemented by the Arab Renewable Energy Authority—affiliated with the Arab Organization for Industrialization (AOI)—serving as the main contractor, and Egypt's New and Renewable Energy Authority (NREA), which will act as the technical consultant. Speaking on the condition of anonymity, a senior official involved in the deal told this publication, 'This project is more than just a solar station—it is a strategic foothold in East Africa and a testament to Egypt's commitment to exporting clean energy expertise across the continent.' The agreement includes immediate mobilization, with a civil engineering firm already commissioned to begin foundational work at the project site in Djibouti. Sources familiar with the project logistics confirmed that groundwork is expected to start within days. The power station will utilize advanced photovoltaic systems designed specifically for off-grid applications, which are critical in countries like Djibouti where vast areas remain disconnected from central power infrastructure. The addition of a robust battery storage unit will allow energy generated during the day to be stored and distributed during night hours or cloudy conditions, enhancing energy resilience. The Egyptian government has made renewable energy diplomacy a cornerstone of its foreign policy, particularly in Africa. This project aligns with Egypt's broader strategy to expand its technical and industrial influence in the region while contributing to global climate action goals. Energy analysts view this development as a potential precursor to a series of similar projects, with Egypt positioning itself as both a clean energy hub and a key infrastructure partner for African nations. This venture not only supports Djibouti's energy transition but also bolsters Egypt's political ties in a geopolitically vital region near the Red Sea. Djibouti is home to several international military bases and plays a key role in maritime logistics between Africa, the Middle East, and Asia. 'Soft power through sustainable infrastructure is the new frontier of diplomacy,' said Dr. Leila Haroun, a North African energy policy expert. 'Egypt is using renewable energy projects to build trust, create alliances, and open up markets for its technology and expertise.' As the world shifts away from fossil fuels, such partnerships may determine the next chapter in Africa's energy future—and Egypt appears keen to lead. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
