{"id":640280,"date":"2024-08-22T00:00:00","date_gmt":"2024-08-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/"},"modified":"2024-08-22T00:00:00","modified_gmt":"2024-08-22T00:00:00","slug":"more-progress-on-the-renewables-front","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/","title":{"rendered":"More progress on the renewables front"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and happy Thursday. <\/strong>The news lull continues this afternoon as we wrap up the work week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>More renewables on the way: <\/strong>Procedures to install UAE\u2019s <a target=\"_blank\" href=\"https:\/\/masdar.ae\/\" style=\"\" rel=\"noopener\">Masdar<\/a>, <a target=\"_blank\" href=\"https:\/\/www.hassanallam.com\/subsidaries\/ha-utilities\" style=\"\" rel=\"noopener\">Hassan Allam Utilities<\/a>, and <a target=\"_blank\" href=\"https:\/\/weareinfinity.com\/\" style=\"\" rel=\"noopener\">Infinity Power<\/a> \u2019s solar project \u2014 which aims to add 1.2 GW of energy and 240 MW\/hour of storage batteries \u2014 was approved by the cabinet during its weekly meeting today. The consortium\u2019s proposal to begin studying the possible implementation of a 4-GW solar power plant was also greenlit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More projects by <\/strong><strong>AMEA Power<\/strong><strong>: <\/strong>In the same meeting, the cabinet also approved the implementation procedures of solar and wind energy projects for UAE\u2019s <a target=\"_blank\" href=\"https:\/\/www.ameapower.com\/\" style=\"\" rel=\"noopener\">AMEA Power<\/a>, and its proposal to set up a storage batteries project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>An effort to end the power crisis: <\/strong>The approvals came as part of the government\u2019s efforts to add more renewable capacities to the grid to end the current power crisis and meet local consumption needs by next summer.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Democratic National Convention, now on its third day, is still headlining international <\/strong><strong>news outlets.<\/strong> As he accepted his vice presidential nomination, US Governor Tim Walz encouraged fellow Democrats to abandon political rivalry and be neighborly towards Republicans, a change of tone from former US presidential candidate Hillary Clinton, who called Trump supporters a \u201cbasket of deplorables.\u201d Many figures in the political and public arena attended the convention in a show of support of the running candidates, including the Obamas, Oprah Winfrey, and former US President Bill Clinton. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/08\/22\/us\/politics\/dnc-takeaways-tim-walz.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/08\/22\/politics\/takeaways-dnc-day-3\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1910.jpg?ssl=1\"\/><\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>No enforced FX withdrawal limits in the works, insists the CBE: <\/strong> \u201cEach bank has the discretion to determine its policy\u201d for FX withdrawals, the central bank said in a statement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/869c3922-16a2-4424-a98c-37e5ac07ef2a\" style=\"\" rel=\"noopener\">yesterday<\/a> following reports that led to online speculation that enforced limits are in the works.<\/li>\n<li><strong>Attention, Egypt investors: <\/strong>Our friends at HSBC, together with the Egyptian-British Chamber of Commerce (EBCC) and UK Export Finance (UKEF), will host a <strong>webinar<\/strong> next week to discuss how to <strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7cff6173-075b-4ffb-b2a2-663bc9380175\/trade-in-investment-in-the-spotlight-in-the-run-up-to-egypt-uk-investment-and-opportunities-forum-in-london-this-september\" style=\"\" rel=\"noopener\">support infrastructure reforms<\/a><\/strong>, potential partnerships in Egypt, and ways to support and connect companies around the world. <\/li>\n<li><strong>A sneak peek at the agenda for parliament\u2019s next session: <\/strong>Prime Minister Moustafa Madbouly yesterday presided over a meeting where government officials <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/247ca73c-f59a-4368-8b4c-f800c133abe0\/what-draft-laws-are-up-for-a-vote-at-parliament%25e2%2580%2599s-next-session%3F\" style=\"\" rel=\"noopener\">reviewed the draft laws<\/a> that will be presented at the parliament\u2019s upcoming session.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>The mercury is peaking in Cairo at a high of 36\u00b0C before simmering to a low of 26\u00b0C by nightfall, according to our favorite weather app. Sahel and Alexandria are seeing cooler weather, with highs of 31-32\u00b0C and lows of 24-25\u00b0C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and happy Thursday. The news lull continues this afternoon as we wrap up the work week. THE BIG STORY TODAY More renewables on the way: Procedures to install UAE\u2019s Masdar, Hassan Allam Utilities, and Infinity Power \u2019s solar project \u2014 which aims to add 1.2 GW of energy and 240 MW\/hour of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":640281,"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":[7213],"tags":[93,633,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-energy","tag-enterprisepm","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"6abef15d-26d8-47fb-b95a-c73d4afed4c6","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2023\/12\/912.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[640278],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.9ff52410-cd93-43fd-a6f3-463ae7834a9a.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>More progress on the renewables front - 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\/2024\/08\/22\/more-progress-on-the-renewables-front\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More progress on the renewables front\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy Thursday. The news lull continues this afternoon as we wrap up the work week. THE BIG STORY TODAY More renewables on the way: Procedures to install UAE\u2019s Masdar, Hassan Allam Utilities, and Infinity Power \u2019s solar project \u2014 which aims to add 1.2 GW of energy and 240 MW\/hour of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More progress on the renewables front\",\"datePublished\":\"2024-08-22T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/\"},\"wordCount\":471,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/912.jpg?fit=%2C&ssl=1\",\"keywords\":[\"energy\",\"EnterprisePM\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/08\/22\/more-progress-on-the-renewables-front\/\",\"name\":\"More progress on the renewables front - 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Egypt appears to be on course to meet its target to\u2026","rel":"","context":"In &quot;Energy&quot;","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":567300,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/19\/egypt-morocco-jordan-remain-regional-leaders-in-the-development-of-solar-power\/","url_meta":{"origin":640280,"position":1},"title":"Egypt, Morocco, Jordan remain regional leaders in the development of solar power","author":"enterpriseam admin","date":"19 January 2020","format":false,"excerpt":"Egypt, Morocco, and Jordan remain regional leaders in the development of solar power, the Middle East Solar Industry Association (MESIA) says in its 2020 Middle East Solar Outlook (pdf). Despite Egypt being a top solar developer and having excess generation capacity today, the report says Egypt still needs \u201csubstantial additional\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/636.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615590,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/20\/this-evening-scatec-to-build-1-gw-solar-plant-to-power-egyptalums-nagaa-hammadi-complex\/","url_meta":{"origin":640280,"position":2},"title":"THIS EVENING: Scatec to build 1-GW solar plant to power EgyptAlum\u2019s Nagaa Hammadi complex","author":"enterpriseam admin","date":"20 February 2024","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and happy hump day. The news cycle hasn\u2019t let up yet as we are bracing ourselves for a busy end of the week. THE BIG STORY TODAY- Another 1 GW solar plant by Scatec is officially underway: Norwegian renewables developer Scatec is set to build\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":657758,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/25\/alcazar-to-build-usd-2-5-bn-hybrid-renewables-project-in-zafarana\/","url_meta":{"origin":640280,"position":3},"title":"Alcazar to build USD 2.5 bn hybrid renewables project in Zafarana","author":"enterpriseam admin","date":"25 December 2024","format":false,"excerpt":"Good afternoon folks, and Merry Christmas to all those celebrating. The news cycle isn\u2019t slowing down for Christmas, it seems, with today\u2019s issue chock-full of fresh details on the government\u2019s plans for the Zafarana wind farm, a mysterious jet crash, and Google\u2019s continued search dominance.THE BIG STORY TODAY A 3.1\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/2258.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599057,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/egypt-has-africas-second-highest-renewable-energy-capacity-but-were-still-not-reaching-our-potential\/","url_meta":{"origin":640280,"position":4},"title":"Egypt has Africa\u2019s second highest renewable energy capacity, but we\u2019re still not reaching our potential","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"Egypt has Africa\u2019s second-highest renewable energy capacity, but we\u2019re still not reaching our potential: Egypt ranks second in Africa in terms of renewable energy capacity, with statistics from the International Renewable Energy Association (IRENA) showing that power plants and other installations that use renewables can generate up to 4,813 MW\u2026","rel":"","context":"In &quot;Worth reading&quot;","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/81.jpg?fit=%2C&ssl=1&resize=350%2C200","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":640280,"position":5},"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 &quot;Energy&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640280","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=640280"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/640280\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/640278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/640281"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=640280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=640280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=640280"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=640280"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=640280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}