BP solar subsidiary Lightsource plans couple of 100 MW projects for Egypt

BP solar energy subsidiary Lightsource is planning “a couple” of 100 MW projects for Egypt as it eyes as much as USD 8 bn-worth of projects across the globe, the company’s CEO Nick Bolye told the National. Egypt’s sunny climate, rising electricity prices, and a large number of “bankable parties” all make it an interesting market for the company, Bolye added. BP is already the largest international investor in the country. Lightsource is “adopting a wait-and-see approach,” in other Middle East countries.