Absolicon, a manufacturer of solar thermal power generation equipment announces the signing of a framework agreement with Creative Power Solutions (CPS). The partnership will eventually allow the installation of a solar thermal collector production plant in Egypt.
Solar thermal energy is expected to grow in Egypt over the next few years. This will be through the local production of production equipment, including solar thermal collectors. Absolicon, a manufacturer of solar thermal power generation equipment, and Creative Power Solutions (CPS) have entered into a partnership for this purpose.
The recently signed framework agreement aims at setting up a production line for solar thermal collectors in Egypt. The total value of sales covered by the agreement is estimated to be between 4 and 5 million euros, plus a monthly license fee of about 30 euros per collector sold, the Härnösand, Sweden-based company says.
Potential for solar thermodynamic energy production
“The framework agreement prescribes the general principles of the separate agreements to be established, as well as the steps to be taken before a binding agreement for the acquisition of the production line can be signed,” says Absolicon. According to the company, headed by Joakim Byström, CPS will act in the partnership through its sister company Advanced Technology Company.
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The latter has signed an agreement with the Egyptian Ministry of Electricity and Renewable Energy to set up a 600 MWe solar thermal power plant in the province of Asyut in Upper Egypt. The solar collector production plant is also expected to supply equipment for other projects, with a target of 53,000 MWe. And this technology can provide solar energy to several sectors, including seawater desalination, food processing and the textile industry.
So far, Egypt is investing heavily in solar photovoltaic energy with an iconic project successfully completed by Independent Power Producers (IPP) in Benban (1650 MWp) in Aswan governorate. In 1991, a solar atlas was published for Egypt, indicating that the country of the pharaohs had a solar thermal electricity production potential of 73.6 TWh.