Egypt launches 1st-ever solar energy-powered wholesale market

Image from Egypttoday

The Ministry of International Cooperation on Saturday took part in the launch ceremony of the first-ever solar energy-powered wholesale market.

The project is part of the EU-financed MAIA-TAQA pilot project that promotes solar cooling applications in south MED countries.

It includes a solar photovoltaic unit with a capacity of 100 kilowatts, which is sufficient to cover the entire market's energy needs and is linked to the unified grid, to sell the surplus generated energy.

In a statement, Minister of International Cooperation Rania el Mashat hailed close cooperation between Egypt and the development partners of the European Union to support the country’s efforts to shift towards a green economy.

The ministry is intensifying joint work with partners in light of Egypt's preparations to host the 27th edition of the UN Climate Change Conference, COP27, by the end of 2022, to support the state's efforts and promote Egypt's development stories, she said.

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