7:12 pm TAQA Arabia Converts the first CNG cars in Equatorial Guinea
9:47 am AFREXIMBANK, APPO in discussions to jointly establish an African Energy Transition Bank
7:42 pm Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block
7:37 pm Automaker Stellantis could be looking to assemble Electric Vehicles in Egypt
7:34 pm Egypt inks agreement with UAE’s Rega Energy to produce biofuel
7:26 pm TAQA Arabia acquires Rosetta Energy’s LNG Arm to unlock LNG Market growth in Egypt & Africa
Lekela exploring potential green hydrogen, desalination projects
Lekela could branch out into green hydrogen + desalination: Renewables player Lekela Power is “actively exploring” potential green hydrogen and renewables-powered water desalination investment prospects with the government and the private sector, general manager for Egypt […]
Lekela celebrates commercial operation of Egypt’s West Bakr Wind Farm
The Minister of Electricity and Renewable Energy and the Chargé d’Affaires at the British Embassy in Cairo attend the event.Lekela now has over 1,000MW in operation, plus its development pipeline. Lekela, the renewable power generation company that delivers utility-scale […]
Banque Misr joins forces with GGF, SANAD to support MSMES and promote Green Finance
BANQUE MISR JOINS FORCES WITH THE GREEN FOR GROWTH FUND (GGF) AND THE SANAD FUND TO SUPPORT MSMES AND PROMOTE GREEN FINANCE. The Bank has received USD 40 million from the Green for Growth Fund […]
Siemens, Desert Technologies JV to invest $25 mn in solar energy, acquisitions in Egypt
Siemens-backed JV to invest USD 25 mn in Egypt’s solar infrastructure: Capton Energy — a newly established joint venture between Siemens’ financing arm, Siemens Financial Services, and Saudi-based solar energy firm Desert Technologies — plans to […]
ACWA Power in advanced talks with SFE over 250MW wind farm in Gulf of Suez
ACWA Power and the sovereign wealth fund eye a new Suez wind farm: Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW […]
SolarizEgypt, Amarenco sign $255 million acquisition, joint-venture agreement
Amarenco Group and SolarizEgypt announce the establishment of a new partnership in Egypt. This definitive agreement between both parties agrees that Amarenco shall acquire 74% of SolarizEgypt’s portfolio and co-develop 300MW of assets at an […]
EBRD approves its new Egypt country strategy for 2022 to 2027
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved its country strategy for Egypt, which focuses on three key priorities identified in cooperation with the Egyptian government and aligned with its ambitious, recently launched […]
Egypt approves H2 Industries’ $3bn waste-to-hydrogen plant in East Port Said
East Port Said is getting a USD 3 bn green hydrogen hub: The Suez Canal Economic Zone has given H2 Industries, a German-based energy storage company, preliminary approval to develop a USD 3 bn waste-to-hydrogen plant in […]
EBRD backs Scatec Solar $100 million Benban green bond
EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a third of Scatec Solar’s upcoming green bond issuance, which will use the proceeds to support its […]
Hitachi Energy to connect Gulf of Suez wind farm with Egypt’s national power grid
The solution will help the country meet its renewable energy targets advancing a sustainable energy future for all. Hitachi Energy is delivering to Vestas, the world’s leading supplier of wind turbines1 and engineering, procurement and construction […]
