Cairo Solar is targeting to implement projects generating 2.5 MW of energy in 2017, quadrupling its 2016 output, Al Mal reported. 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.
You may also like
عمر سالم تسعى شركة «كايرو سولار» للطاقة الشمسية، لاقتناص تنفيذ محطتى طاقة شمسية، بقدرة 260 كيلو وات، ضمن خططها للتوسع، وتحقيق مستهدفاتها […]
مشاورات حول بند «التحكيم» و«قيمة القرض».. وإتمام الإغلاق المالى خلال شهرين تترقب شركات الطاقة المتجددة، موافقة البنوك على تمويل إنشاء محطات إنتاج […]