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Egypt-PV project wins UK’s EI Award for best int’l low carbon venture
The British Energy Institute (EI) announced during a ceremony that the Egyptian project filed by the Industrial Modernization Center was among the winners.
Egypt-PV Project was implemented in tandem with the United Nations Development Project (UNDP) and the Global Environment Facility (GEF) within the framework of Egypt’s efforts to realize sustainable development.
From the beginning, Egypt-PV team was determined to tackle challenges and provide solutions in a cross-sectoral approach. That means developing an enhanced supply chain within the market considering different sectors such as industrial, educational, tourism, commercial, public and residential.
Egypt-PV Project aims to remove the barriers to increase power generation by small, decentralized, grid-connected PV systems implemented by households and small- and medium-size enterprises.
The project strategy builds on the planned Government initiatives to develop a market for small, decentralized renewable energy power generation by ensuring adequate returns on targeted private sector investments.
The project catalyzes the development of decentralized, Grid-connected small-scale renewable energy (RE) power generation market in Egypt and the solar PV in particular. The target is to facilitate the installation of at least 4 MWp of new decentralized private PV capacity during the lifetime of the project.
Gamea noted that 115 solar power stations were set up under the project in 13 governorates at total investments $ 7.2 milion. The project leads to cutting the annual greenhouse gas emissions by 7.9 kilotons.
The minister noted that 29 states were vying for the EI Awards, including the US, Australia, Canada, Hong Kong, the UAE and a number of European states.