Schneider Electric completed the implementation of the first phase of the project at a cost of $5m in the feed-in tariff mechanism, in cooperation with Al Tawakol Electrical Company (Gila) and Petro Energy.
With a capacity of 5 MW, the new plant will avoid emissions of 3,000 tons of CO2 each year.
The park will provide clean energy to 2,000 people in Sharm el-Sheikh City.
Schneider Electric aims to continue the second phase and increase capacity to reach 40MW in the coming period.
The entire installation will operate with a digital management solution from Schneider Electric, including “EcoStruxure”.
The ready-to-use and IoT (Internet of Things) compatible architecture has been deployed on more than 450,000 installations worldwide, with the support of 9,000 integrators to connect more than a billion connected devices.
“We are fully committed to helping Egypt generate a significant share of its electricity from renewables and clean sources by 2022, a commitment stemming from our support for the dictates of the Paris Climate Accord,” said Walid Sheta, Chairman of Schneider Electric Egypt and Cluster President of Schneider Electric Egypt, North East Africa (NEA) and Levant.
Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a recent report by the International Renewable Energy Agency (IRENA).