(Originally published on Planetsave.com)
With major solar development and deployment getting underway in the country, Egypt is ramping up to full-speed-ahead. The swell of international finance, development, and construction firms inundating the nation is riding on a high tide of good will and warm welcome. One such international firm enjoying the warm welcome is FAS Energy, the renewable energy arm of Saudi mega-conglomerate Fawaz Alhokair Group.
Successfully negotiating solar utility-scale PV projects at Egypt’s premier Economic Development Conference last March 13-15, FAS Energy is ramping up to full-speed-ahead, as well. With the FAS Energy solar development deals in place, Fawaz Alhokair Group plans to invest $3.5 billion to develop 2 GW of solar power capacity across the country.