The African Development Bank Group (AfDB) has approved a financing package for the first phase of the 500 MW Dandara solar project with a 100 MWh battery energy storage system (BESS). The project is located […]
Egypt has commenced construction of the ATUM Solar integrated industrial complex in Sokhna, with total investments of approximately $210 million. The project is being developed within a 200,000 square metre site at TEDA Egypt, located […]
The European Bank for Reconstruction and Development (EBRD) has approved a financing package of $74.1 million for the construction of a 200 MW wind farm in Ras Ghareb, Egypt. The funding includes an EBRD senior […]
Egypt has signed a land usufruct agreement for the Atom Solar Egypt project in New Alamein City. The project is a partnership between Egyptian, Emirati, Bahraini, and Chinese entities to establish a fully integrated industrial […]
Scatec ASA, through its dedicated project company, Shadwan Wind Power SAE, has inked a USD-denominated 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). The agreement is for a 900 MW onshore […]
Egypt and France have inked an agreement to establish an integrated green hydrogen and derivatives production complex, including green ammonia, in the Ras Shukeir region of Egypt. The project will consist of three phases and […]
AMEA Power has inked an agreement with the Egyptian Electricity Transmission Company (EETC) to develop two standalone battery energy storage systems (BESS). These systems will have a combined capacity of 1500 MWh. As part of […]
ACWA Power has inked a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for a 2 GW wind project in Egypt. The investment in the project is approximately $2.3 billion. The […]
Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and invest in greenfield renewable energy projects in Egypt. This partnership […]
ACWA Power and its partner HAU Energy (a subsidiary of Hassan Allam Utilities) have achieved financial close for the 1.1 GW Suez Wind Farm in Egypt. This project secured a $ 703.6 million senior debt […]
AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt, located in the Aswan Governorate. The plant will generate approximately 1,500 GWh of renewable energy annually, offsetting 782,300 tonnes of carbon emissions. […]
Voltalia and TAQA Arabia, have inked a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity to repower the Zafarana wind farms. This partnership aims to revitalise the 545 MW wind farm which was originally […]
EliTe Solar has announced investment plans to build an 8 GW solar manufacturing hub in Egypt’s Suez Special Economic Zone. The facility will focus on producing high-efficiency solar cells and module assembly, with a substantial […]
Infinity Power and Masdar have signed a Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) to provide a long-term supply of renewable energy generated by a significant onshore wind project in Ras […]
Scatec ASA, a Norwegian renewable power company, has inked a deal to build a 1 GW solar project that will supply clean energy to Egypt Aluminium Company’s facility in Nagaa Hammadi, Upper Egypt. As per […]
The Egyptian government has approved a regulation which provides for a tax credit of 33-55 percent to green hydrogen project developers. There are various other non-tax incentives as well for developers including VAT exemptions on […]
Acwa Power, a Saudi developer of power generation and desalinated water production facilities, and the New and Renewable Energy Authority (NREA) have signed a memorandum of understanding (MoU) to allot land for the construction of […]
Egypt has recently intensified its efforts to transform itself into a regional energy hub, exchanging electricity with the Arab, African and European countries. Having hosted the 27th Conference of Parties (COP27) of the United Nations […]
Red Sea Wind Energy has received a loan of up to $100 million from the European Bank for Reconstruction and Development (EBRD) ($50 million) and the Green Climate Fund ($50 million) for the building of […]
bp signed a memorandum of understanding (MoU) with the Government of Egypt to explore the prospects of establishing a new green hydrogen production facility in the country. The agreement was signed by bp, the Egyptian […]
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