Egypt's OneraSystems in talks over 25 solar projects - report
Solar park in Egypt's Aswan province. Photo by: EBRD (www.ebrd.com).
April 12 (Renewables Now) - Egypt-based clean energy supplier OneraSystems is in talks with representatives of the public and private sectors over the implementation of 25 solar projects, with an output of up to 10 MW, chief executive Wael El-Nashar told Al Borsa News.
The negotiations on some of the projects are in an advanced stage and a decision is expected to be made in the third quarter of this year, El-Nashar said.
The chief executive noted that the recent decision of the Egyptian government to support the expansion of solar energy and the deployment of 1,000 MW of generation capacity will give impetus to the solar market.
Based in Sixth of October City near the capital Cairo, OneraSystems was established by Middle East Engineering and Telecommunications S.A.E. (MEET Egypt) to focus on the development of solar and wind energy. The company has already completed a project for the installation and operation of a 100-kW solar system with a backup capacity of 55 kWh for the wholesale market for fruits and vegetables in the city of Amreya, which is owned by the Egyptian Chamber of Commerce in Alexandria. The project is funded by the European Union.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.