{"id":542603,"date":"2022-01-05T03:40:48","date_gmt":"2022-01-05T03:40:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/"},"modified":"2022-01-05T03:40:48","modified_gmt":"2022-01-05T03:40:48","slug":"solar-energy-players-call-for-scrapping-tariffs-on-solar-panels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/","title":{"rendered":"Solar energy players call for scrapping tariffs on solar panels"},"content":{"rendered":"

<\/a> Solar energy players are lobbying to scrap a newly-imposed 5% import tariff on <\/strong>solar panels<\/strong>, Al Mal<\/a> reports. The Solar Energy Development Association (SEDA) has sent a letter to Electricity Minister Mohamed Shaker requesting that the ministry cancel the duty, warning that the new levy will hurt the industry. \u201cEgypt\u2019s solar energy market is still trying to get on its feet and can barely afford to face more challenges,\u201d a member of the industry body separately told Enterprise yesterday.<\/p>\n

The fee was introduced in November as part of<\/strong> a bundle of customs hikes<\/a><\/strong> introduced by the Madbouly government as it looks to raise revenues. Previously exempt from tariffs, photovoltaic cells and solar panels are now subject to a 5% import tax, raising costs for local industry.<\/p>\n

The solar industry is already under pressure from rising commodity + shipping prices:<\/strong> Rising shipping costs and surging prices of metals such as aluminum, steel and copper last year have squeezed margins<\/a> and contributed to some projects being delayed<\/a>.<\/p>\n

SEDA members pessimistic:<\/strong> Members of the association, which includes more than 100 companies and investors in Egypt\u2019s fast-growing solar industry, are downbeat on how the charge will affect the sector. The costs of constructing new solar stations will rise by 10% due to the tariff, Al Mal quotes Ahmed Hamdy, founder of Africa Solar Power, as saying. The newspaper also quotes Hatem Tawfik, managing director of Cairo Solar, as having said it will likely reduce the return on investment in the sector and hit demand.<\/p>\n

*** Read Going Green:<\/strong> We recently took a look<\/a> at how rising commodity prices are affecting Egypt\u2019s local solar industry.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solar energy players are lobbying to scrap a newly-imposed 5% import tariff on solar panels, Al Mal reports. The Solar Energy Development Association (SEDA) has sent a letter to Electricity Minister Mohamed Shaker requesting that the ministry cancel the duty, warning that the new levy will hurt the industry. \u201cEgypt\u2019s solar energy market is still […]<\/p>\n","protected":false},"author":1,"featured_media":542604,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7825],"tags":[244,72,246,245],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-electricity","tag-enterpriseam","tag-green-economy","tag-mohamed-shaker","wpautop","entry"],"acf":{"mongo_id":"39795576-3662-4f64-bcaf-c3ee4cccb768","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/78.jpg","photo_position":"above","related_issue":[542594],"teaser":"","voice_url":""},"yoast_head":"\nSolar energy players call for scrapping tariffs on solar panels - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar energy players call for scrapping tariffs on solar panels\" \/>\n<meta property=\"og:description\" content=\"Solar energy players are lobbying to scrap a newly-imposed 5% import tariff on solar panels, Al Mal reports. The Solar Energy Development Association (SEDA) has sent a letter to Electricity Minister Mohamed Shaker requesting that the ministry cancel the duty, warning that the new levy will hurt the industry. \u201cEgypt\u2019s solar energy market is still […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-05T03:40:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/78.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Solar energy players call for scrapping tariffs on solar panels\",\"datePublished\":\"2022-01-05T03:40:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\"},\"wordCount\":277,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/78.jpg?fit=%2C&ssl=1\",\"keywords\":[\"electricity\",\"EnterpriseAM\",\"Green Economy\",\"Mohamed Shaker\"],\"articleSection\":[\"Green economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/solar-energy-players-call-for-scrapping-tariffs-on-solar-panels\/\",\"name\":\"Solar energy players call for scrapping tariffs on solar panels - 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The tenders will be issued in several phases, according to Shaker.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597322,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/chinas-united-energy-eyeing-solar-power-plants-in-egypt\/","url_meta":{"origin":542603,"position":1},"title":"China\u2019s United Energy eyeing solar power plants in Egypt","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"Electricity Minister Mohamed Shaker met yesterday with a delegation from China\u2019s United Energy Group, which is interested in setting up solar and concentrated solar power plants, according to Al Mal. The Hong Kong-listed energy firm has been eyeing new investments in Egypt\u2019s energy sector since at least last October.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543462,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/02\/solar-plants-face-new-grid-integration-fees\/","url_meta":{"origin":542603,"position":2},"title":"Solar plants face new grid integration fees","author":"enterpriseam admin","date":"2 February 2022","format":false,"excerpt":"Solar plants are facing more new charges: Solar plants producing more than 500 KW of power will be required to pay fees to the Electricity Ministry to help defray the costs of connecting to the national grid \u2014 a move that industry players say represents a threat to Egypt\u2019s nascent\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/20.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594056,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egypt-to-inaugurate-benban-solar-park-in-november\/","url_meta":{"origin":542603,"position":3},"title":"Egypt to inaugurate Benban solar park in November","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"Egypt will inaugurate the USD 2 bn, 1.4 GW Benban solar energy park in Aswan at the end of November, Electricity Minister Mohamed Shaker said, Al Mal reported. Twenty-nine plants have already been linked to the national grid and began commercial operations. Egypt aims to produce 20% of its energy\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/25\/nrea-aims-to-build-2-gw-solar-power-plants\/","url_meta":{"origin":542603,"position":4},"title":"NREA aims to build 2 GW solar power plants","author":"enterpriseam admin","date":"25 September 2019","format":false,"excerpt":"The National Renewable Energy Authority (NREA) aims to build solar power plants with a combined capacity of 2 GW, authority head Mohamed El Khayat said without specifying a timeframe or elaborating further. NREA has received 10 requests from companies looking to build projects with a capacity of 10 GW since\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551106,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/25\/could-we-soon-be-seeing-solar-power-generation-at-night\/","url_meta":{"origin":542603,"position":5},"title":"Could we soon be seeing solar power generation at night","author":"enterpriseam admin","date":"25 May 2022","format":false,"excerpt":"Could we soon be seeing solar power generation at night? A recent breakthrough(pdf) by a team of researchers at the University of New South Wales (UNSW) could pave the way to a new form of energy generation that uses heat emitted from the Earth\u2019s surface. Using a similar process to\u2026","rel":"","context":"In "WHAT\u2019S NEXT"","block_context":{"text":"WHAT\u2019S NEXT","link":"https:\/\/enterpriseam.com\/egypt\/category\/whats-next-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542603"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542603\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542604"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542603"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542603"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}