Infinity & AFC buy Lekela in Africa’s largest-ever renewables acquisition
Infinity will become Africa’s largest renewables player through Lekela acquisition. Infinity + AFC just sealed Africa’s largest-ever renewables acquisition: Renewables player Infinity Group and Africa Finance Corporation (AFC) have signed an agreement to acquire 100% of […]
Somabay & TAQA Arabia inaugurate PV Solar plant, Sign Agreement to Build new Water Desalination Plant
Somabay and TAQA Arabia celebrate the inauguration of a 5MW PV solar plant in Somabay owned by TAQA Arabia, the full-service energy and utility provider in Egypt. The PV station was inaugurated by Mr. Osama […]
Key Energy: The Road to Energy Diversification Goes Through Here
From 8th to 11th November, at IEG’s Expo Centre in Rimini, at the same time as Ecomondo The sections: Wind, Solar and Storage, Energy Efficiency, Sustainable City, E-mobility A busy conference programme organised by […]
Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt
Alhokair Group subsidiary FAS Energy is planning to invest some USD 450 mn (SAR 1.7 bn) to construct a 500 MW solar plant in Egypt in partnership with the Electricity Ministry and the Egyptian Electricity Transmission Company (EETC), FAS Energy CEO […]
ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn
The 1.1 GW project is one of the largest onshore wind farms in the world and the largest in the Middle East.Agreement signed during HRH Mohammed Bin Salman, Crown Prince of Saudi Arabia’s state visit […]
EFG’s Vortex Energy invested €222 mn in Spanish solar firm Ignis Energia
Vortex Energy has made more than a third of its planned EUR 625 mn investment in Ignis Energia: EFG Hermes’ energy investment platform Vortex Energy has so far invested EUR 222 mn of equity capital into Ignis […]
Elsewedy Electric eyes $1.5 billion investment in African renewables this year
Elsewedy Electric could invest as much as USD 1.5 bn in three renewable energy projects in Africa before the end of the year, CEO Ahmed Elsewedy told us, confirming reports by Hapi Journal. Nothing is set in stone: Elsewedy cautioned that […]
Total Eren, Enara Capital to build green ammonia facility in Egypt’s SCZone
Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a […]
Eni to work on Egypt’s first-ever carbon capture pilot project
Oil Ministry announces launch of Egypt’s first pilot carbon capture project with Eni + raft of other green energy initiatives. The Oil Ministry and Eni are implementing a pilot carbon capture project at the Italian energy […]
Scatec issues green bonds worth $335 mn to refinance projects in Egypt
Norway’s Scatec has issued green bonds worth $335 million to refinance six solar projects in the southern Egyptian city of Aswan, a statement by the Egyptian cabinet issued on Wednesday said. The projects have a […]
