Country:Egypt
Year:2014 (Sept 20th)
Policy status:In Force
Jurisdiction:National
Date Effective:2014 (Sept 20th)
Policy Type:Economic Instruments>Fiscal/financial incentives>Feed-in tariffs/premiums
Renewable Energy Policy Targets:Solar, Solar, Solar photovoltaic, Wind
Policy Sector:Electricity
Size of Plant Targeted:Small and Large
Agency:The Ministry of Electricity & Energy; New & Renewable Energy Authority; Egyptian Electric Utility for Consumer Protection and Regulatory Agency
URL:http://egyptera.org/Downloads/taka%20gdida/Download%20Renewable%20Energy%20Feed-in%20Tariff%20Regulations.pdf
URL:http://www.nrea.gov.eg/english1.html
Renewable Energy Description:

In September 2014 the Ministry of Electricity & Energy and the Regulatory Agency launched feed-in tariff support system for solar PV and wind projects with capacity less than 50 MW.

The goal of the FIT programme is to boost renewable energy production in Egypt and to reach 2300 MW of PV capacity and 2000 MW of wind capacity.

Feed-in tariff prices for PV systems

Capacity

Source of finance

Duration of the support

Feed-in tariff levels in Pt/kWh

Less than 200 kW

Self-finance OR soft loan from the Ministry of Finance (4% interest rate)

25 years

84.8

Self-finance WITH soft term from Ministry of Finance (4% interest rate)

90.1

200 kW – 500 kW

Local finance with local currency WITH soft terms from the Ministry of Finance (8% interest rate)

97.3

500 kW – 20 MW

Foreign finance

97.3 (or equivalent of USDcent 13.6)

20 MW – 50 MW

Foreign finance

102.5 (or equivalent of USDcent 14.34)

 

Feed-in tariff prices for wind projects

No. of operational hours

1st phase price (5 years)

2nd phase prices (15 years)

Overall duration of the support

USDcent/kWh

Pt/kWh

USDcent/kWh

Pt/kWh

2500

11.48

82.08

11.48

82.08

20 years

2600

10.56

75.53

2700

9.71

69.46

2800

8.93

63.83

2900

8.19

58.68

3000

7.51

53.68

3100

9.57

68.4

8.93

63.82

3200

8.33

59.53

3300

7.76

55.49

3400

7.23

51.70

3500

6.73

48.12

3600

6.26

44.73

3700

5.81

41.54

3800

5.39

38.51

4000

4.60

32.90

 

Recipients of the feed-in tariff support are also eligible to profit from the renewable tax incentive provided by the government of Egypt.

Under the framework, long-term leases of state-owned land will be provided to private investors charged at 2% of the electricity produced. 

Related policies:New National Renewable Energy Strategy , Renewable energy custom tax reduction for renewable equipment

Last modified: Wed, 31 Aug 2016 14:23:03 CEST