The National Renewable Energy Authority (NREA) is close to inking contracts worth USD 300 mn for solar power projects with a total capacity of 250 MW during the FY 2019-2020 fiscal year, authority head Mohamed El Khayat told Al Shorouk. The NREA is currently studying requests from investors to implement 2.5 GW-worth of solar power projects, and three offers for 250 MW wind projects with EUR 260 mn in investments, El Khayat added. The authority is now working on linking three more Benban plants to the national grid, having already connected 29 over past years.

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