Back to the complete issue
Thursday, 15 December 2016

Cairo Solar to implement 2.5 MW of projects in 2017

Cairo Solar is targeting to implement projects generating 2.5 MW of energy in 2017, quadrupling its 2016 output, Al Mal reported. The company told us the 2.5 MW target is its baseline scenario, but that it has 10 MW worth of projects in its pipeline. Cairo Solar is looking to implement 100 small-scale solar power plants to be used for land irrigation. CEO Hisham Tawfik said the profit margin on installing solar power plants has dropped to 12.5% from 16% after 1H2016 due to the FX rate and as interest rates increased. Tawfik also said the government should move away from the solar power sector to allow the private sector to grow and become more competitive.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.