almal > RightWingAd
almal > LeftWingAd

BP solar partner to take technology to Egypt

Wednesday 25 July 2018 11:11 AM

solar energy
solar energy

Lightsource BP, energy giant BP’s solar partner, has announced that it has formed a joint venture to develop the technology in Egypt.
Working as part of a joint venture with regional engineering and construction firm Hassan Allam Utilities, the partnership continues a government target to make solar 20% of Egypt’s energy mix by 2022.

Nick Boyle, CEO and founder of Lightsource BP, said: “Projects in emerging markets are not just yield plays, they’re growth plays to power fast-growing economies and populations. We see exciting potential in Egypt following the country’s economic recovery and recently announced renewable power targets.

“We are delighted to partner with HAH to realize this venture as their entrepreneurial culture and regional ambitions are an ideal match with ours”.
Dev Sanyal, chief executive, BP Alternative Energy, said: “The JV gives us a unique opportunity to bring solar energy at scale to a market that is ready for growth. BP’s reputation and history of operating in Egypt puts us in a great position to deliver competitive renewable energy alongside our existing operations”.