Solar power is now the most cost-effective means of electricity supply in regions with a strong solar resource. It is also the fastest growing source of new energy globally, and we are at the forefront in unlocking its potential in Egypt. Egypt is on the brink of becoming a global leader in solar power generation, with the world’s largest solar park (1.6 Gigawatts-Peak in Benban) set to become operational in 2019. This site, as well as many others across the country, is contributing to Egypt’s swift and impressive transition towards a diverse energy mix – it is forecasted that by 2022, renewable power is targeted to account for 20% of Egypt’s energy mix.
We are offering commercial and industrial power consumers the opportunity to benefit directly from this solar revolution with a range of solar solutions tailored specifically for the Egyptian market. Our solutions provide electrical power to consumers delivering savings from day one. Our fully-financed solar solutions deliver savings to our customers without any up-front costs, allowing them to continue focusing on their core business.
Solar is growing at a rapid rate. According to the International Energy Agency, it was the fastest growing energy source in 2016, with global capacity increasing 50% that year.
Solar is highly competitive. The cost of most forms of renewable power have decreased significantly in recent years, this is especially true of solar – due to reduced equipment costs improvements in performance and innovative financing.
Solar is predictable and sustainable. A solar project can help power industrial and local communities with clean energy while meeting carbon reduction targets and protection against price volatility.
Typical construction periods for our large-scale projects are measured in months, not years, meaning that your business could be benefiting from significant savings within months of making a decision. Solar is also scalable, enabling our engineers to adapt a solution which best fits your business’ needs.
As shown by the graph below – the cost of installing solar has fallen more dramatically than any other renewable generation method, and is now in direct competition with the cheapest fossil fuels.
2019 saw the connection of the world’s largest solar park. The Benban complex, which cost an estimated $2.8billion total, is…Read more
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In March 2013, Lightsource BP successfully installed and connected over 20,000 solar panels, a capacity of over 5MW, on the…Read more