The Desertec Industrial Initiative (DII) signed a MoU with the Egyptian State Authority for New & Renewable Energy (NREA) which could see more support going toward local institutions to create renewable energy opportunities.
Under the agreement, long-term growth could see stakeholders in Europe, the Middle East, and North America providing an important drive towards an integrated electricity market. The areas of collaboration will include exchange of information, in regard to, but not limited to, solar and wind resource analysis, power transmission and grid capacity and expansion, performance of RE generating technologies, legal frameworks, incentive instruments for private investments in RE in Egypt and the MENA Region, long-term opportunities for RE electricity transfers from Egypt to the EU and local support mechanisms for RE projects in Egypt.
Make sure you visit and click ‘Like’ on our Facebook page to receive even more news and updates from Alternative Energy Africa.