ACWA Power signs final project agreements on Kom Ombo PV plant April 07, 2021
ACWA Power signs final project agreements for Kom Ombo PV plant.
ACWA Power signs final project agreements for Kom Ombo PV plant.
RIYADH, KSA ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 markets, has finalised the project agreements for the 200MW Kom Ombo PV plant in Egypt.
The signing of the 25-year Power Purchase Agreement (PPA), Network Connection Contract and Usufruct Agreement was conducted via a virtual ceremony held with senior government officials and representatives from the Egyptian Electricity Transmission Company (EETC); The New and Renewable Energy Authority (NREA), and ACWA Power.
PROJECTS: ACWA Power signs final project agreements on Kom Ombo solar plant in Egypt
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Vietnam proposes heavily-cut solar FIT rates from next month
A rooftop solar installation conducted in Vietnam last year. Image: Sungrow.
Vietnam is to slash feed-in tariffs available for rooftop solar installations from next month by as much as 38% in a bid to address grid pressures in the country, local media has reported.
The
Dai Doan Ket newspaper has cited Hoang Tien Dung, head of the Ministry of Industry and Trade’s Electricity and Renewable Energy Authority, as stating that tariffs will be cut by between 31% and 38% to between US$0.052/kWh and US$0.058/kWh, depending on the system size.
Under the feed-in tariff 2 (FIT2) scheme, which closed to new applicants on 31 December 2020, tariff rates were as high as US$0.0838/kWh.