News flash
- The Future for Sustainable Development Authority (FSDA) in Egypt has signed a memorandum of understanding (MoU) with Masdar to explore the development of a 5 GW floating PV project in Lake Nasser, one of the world’s largest artificial lakes.
- In another MoU signed between the 2 parties, Masdar will also develop a 2.8 GW solar power project in the Nag Hammadi area in Upper Egypt.
Lake Nasser was formed due to the construction of the Aswan High Dam across the Nile.
Under the MoU, Masdar will develop and establish the floating PV project in 2 phases: 2 GW as part of phase I, followed by another phase of 3 GW.
“The development of this station, which is expected to be the largest project of its kind in the world, in addition to benefiting from Masdar’s global experience in developing floating solar power stations, is expected to contribute to supporting Egypt’s efforts and endeavours to rely on sustainable energy solutions,” stated the FSDA.
Author: Bryan Groenendaal
