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MENA: Egypt FIT programme - important clarifications for Developer Consortia

MENA: Egypt FIT programme - important clarifications for Developer Consortia

  • United Kingdom
  • Africa
  • Middle East
  • Energy and infrastructure - Clean energy

13-02-2015

The Egyptian New & Renewable Energy Authority (NREA) yesterday disclosed, subject to final NREA board approval, certain requirements for those Developer Consortia pre-qualified under the Egyptian FIT Programme.

The clarifications are in relation to:

  • maximum MWs per consortia member;
  • shareholding requirements for consortia participants and Lead Developer;
  • minimum capital requirements for SPV; and
  • ability to assign to an affiliate and create overseas holdco structure.

This information will automatically be sent to our clients, but if you are not in receipt of this information and would like to obtain further details please let us know.

Eversheds was awarded ‘Legal Advisor of the Year’ and Michelle T. Davies was named ‘Solar Woman of the Year’ at the 2014 Middle East Solar Awards.

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