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SkyPower Global, IGD to develop 3,000 megawatts of solar projects

Staff writer |
SkyPower Global and International Gulf Development (IGD) have signed an agreement with the Government of Egypt for the development of 3,000 megawatts (MW) of utility-scale solar photovoltaic (PV) projects to be built over the next four years.

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The agreement represents a milestone in Egypt's strategic plan to develop a sustainable renewable energy industry, creating thousands of new green energy jobs and attracting billions in capital investment.

SkyPower, in partnership with IGD, finalized the agreement with the Egyptian government at the first ever Egypt Economic Development Conference (EEDC) during a signing ceremony where many key infrastructure projects were unveiled for Egypt's prosperous future.

The venture in which SkyPower joins forces with Middle Eastern infrastructure specialists IGD will entail a multi-phase development that will result in the production of clean, sustainable and cost-effective energy to support the growing energy needs of Egypt and directly contribute to the government's goal of producing 20% of energy from renewables by 2020.

Working closely with the Egyptian Ministry of Electricity and Renewable Energy in the development of the solar PV energy projects, SkyPower IGD's phase one will reach commercial operation in late 2015.

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