{"id":543462,"date":"2022-02-02T03:54:18","date_gmt":"2022-02-02T03:54:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/02\/solar-plants-face-new-grid-integration-fees\/"},"modified":"2022-02-02T03:54:18","modified_gmt":"2022-02-02T03:54:18","slug":"solar-plants-face-new-grid-integration-fees","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/02\/solar-plants-face-new-grid-integration-fees\/","title":{"rendered":"Solar plants face new grid integration fees"},"content":{"rendered":"

<\/a> Solar plants are facing more new charges:<\/strong> 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 solar sector.<\/p>\n

The fees:<\/strong> Solar plant operators will pay EGP 0.257- 0.329 per KWh in \u201cintegration fees,\u201d according to a decision (pdf)<\/a> this week by the Egyptian Electric Utility & Consumer Protection Regulatory Agency (Egyptera). All solar plants over 500 KW \u2014 whether the energy is only being used for self-consumption or whether the excess is being fed into the grid under a net metering system \u2014 will face the charges. The new taxes come at a time when margins in the sector are facing sharp pressure<\/a> amid rising commodity prices and shipping costs.<\/p>\n

Solar players are concerned: <\/strong>The decision is causing \u201canxiety and concern\u201d among companies in the sector, said Ayman Abdel Halim, the executive director of industry body the Solar Energy Development Association (SEDA), who called it a \u201cdangerous move that contradicts the state\u2019s aim to expand the production of renewable energy.\u201d<\/p>\n

They knew the fees were coming \u2014 just not how much they would be: <\/strong>The integration fees were first announced in an April 2020 decision, but had not been defined until now, former head of the New and Renewable Energy Authority Mohamed Al Sobki told us. He said that the set fees could impact future projects, but that projects that were implemented after the April date had already agreed to pay integration fees.<\/p>\n

And not everyone shares the concern: <\/strong>The solar industry remains attractive to investors despite the new fees, Ehab Ismail, deputy head of the New and Renewable Energy Authority (NREA), told us, adding that it was up to solar developers to make investment decisions on a project-by-project basis.<\/p>\n

Egypt has ambitious renewables targets: <\/strong>Ahead of this year\u2019s COP27 climate summit in Sharm El Sheikh, Egypt has pledged to expand renewable capacity to cover 42% of the country\u2019s energy needs<\/a> by 2030, up from 10% currently. That target could be made harder to achieve by the new integration fees, as well as the incoming 5% import tariff<\/a> on PV cells.<\/p>\n

Could this make renewables less interesting to investors and operators?<\/strong> The fees are only being applied to renewable energy sources, with conventional energy getting an exemption from the charges, which could result in renewables losing their competitive advantage.<\/p>\n

FDI could be on the line:<\/strong> In a statement to Enterprise, a source from a private sector solar company called the decision \u201cextremely prohibitive for the feasibility of solar projects\u201d and said it would hurt investment into the sector. \u201cWe urge the authorities to prevent solar companies from defaulting \u2026 and avoid a situation where FDI stops flowing into a very promising sector that could have a significant role in Egypt\u2019s economy,\u201d they said.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 solar sector. The fees: Solar […]<\/p>\n","protected":false},"author":1,"featured_media":543463,"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":[769,93,72,246,125,367,150,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-economy","tag-egyptera","tag-energy","tag-enterpriseam","tag-green-economy","tag-investment-watch","tag-new-and-renewable-energy-authority","tag-renewable-energy","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"226add0f-f85d-40a2-9c1a-60a806b5aa5b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/20.jpg","photo_position":"above","related_issue":[543455],"teaser":"","voice_url":""},"yoast_head":"\nSolar plants face new grid integration fees - 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\/02\/02\/solar-plants-face-new-grid-integration-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar plants face new grid integration fees\" \/>\n<meta property=\"og:description\" content=\"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 solar sector. 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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":542940,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/ebrd-writes-usd-100-mn-check-for-scatecs-green-bond\/","url_meta":{"origin":543462,"position":4},"title":"EBRD writes USD 100 mn check for Scatec\u2019s green bond","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a third of Scatec Solar\u2019s upcoming green bond issuance, which will use the proceeds to support its solar plants in Benban, according to the bank\u2019s website. The lender will contribute USD\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\/1\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577687,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","url_meta":{"origin":543462,"position":5},"title":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding","author":"enterpriseam admin","date":"1 December 2022","format":false,"excerpt":"AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. AMEA Power will\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\/2022\/12\/6.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543462","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=543462"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543462\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543455"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543463"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543462"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543462"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}