Clifford Chance

Egypt solar Feed-in Tariff Round 2

25 February 2018

The Feed-in Tariff Round 2 was amongst the most significant renewable projects in the Middle East and Africa last year, taking home the title of Global Multilateral Deal of the Year at the PFI Awards 2017.

Clifford Chance advised the financiers, European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IsDB) and Islamic Corporation for the Development of the Private Sector (ICD) on six projects in this scheme (and separately EBRD on two projects in the scheme).

The 2GW solar Feed-in Tariff programme launched by the Egyptian government in September 2016 (Feed-in Tariff Round 2) achieved a significant milestone at the end of 2017, resulting in an increase in the number of projects achieving financial close, in comparison to Round 1 of the Feed-in Tariffs programme (the Round 1 Programme), which ended in October 2016.

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