Small-scale solar done right in Sudan + A break on ins. for renewable players in Egypt
Meanwhile, a case study for small-scale solar done right in Sudan: Sudan’s Kenana Sugar Factory is getting a 40 MW solar plant following the greenlight from the country’s Energy Ministry, SUNA reports. The move to solar would reduce the energy cost of the company by 17.5%, which means Kenana could recover its project costs within 2.5 years, the company’s managing director said. Kenan will use about 27 MW of the resulting energy, while the rest will be channeled to the national grid. Sudan has been suffering from regular rolling blackouts that could reach up to 6 hours in Khartoum during the summer months, making projects such as these a necessity for businesses.
Egypt’s Wethaq Takaful is hopping on the renewables train: Egyptian ins. company Wethaq Takaful will knock 20% off of ins. policy premiums for solar, wind, and hydroelectric projects, Amwal al Ghad reports citing company board member Adel Fatouri. The company’s ins. policy covers all the milestones of building a renewable energy project including the import of needed equipment, parts and construction works, as well as the project’s operation.