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Renewables
lekela

Lekela exploring potential green hydrogen, desalination projects

Posted: March 14, 2022 at 9:20 pm   /   Renewables

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 […]

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Lekela West Bakr

Lekela celebrates commercial operation of Egypt’s West Bakr Wind Farm

Posted: March 4, 2022 at 10:29 pm   /   Renewables

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 […]

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GGF

Banque Misr joins forces with GGF, SANAD to support MSMES and promote Green Finance

Posted: March 4, 2022 at 10:20 pm   /   Renewables

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 […]

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siemens

Siemens, Desert Technologies JV to invest $25 mn in solar energy, acquisitions in Egypt

Posted: February 23, 2022 at 8:47 pm   /   Renewables

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 […]

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windfarm

ACWA Power in advanced talks with SFE over 250MW wind farm in Gulf of Suez

Posted: February 23, 2022 at 8:44 pm   /   Renewables

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 […]

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SOLARIZE-AMARENCO

SolarizEgypt, Amarenco sign $255 million acquisition, joint-venture agreement

Posted: February 23, 2022 at 8:18 pm   /   Renewables

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 […]

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Egypt

EBRD approves its new Egypt country strategy for 2022 to 2027

Posted: February 13, 2022 at 1:36 pm   /   Renewables

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 […]

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Hydrogen

Egypt approves H2 Industries’ $3bn waste-to-hydrogen plant in East Port Said

Posted: February 2, 2022 at 1:04 pm   /   Renewables

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 […]

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solar

EBRD backs Scatec Solar $100 million Benban green bond

Posted: January 26, 2022 at 1:54 pm   /   Renewables

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 […]

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Suez Canal

Hitachi Energy to connect Gulf of Suez wind farm with Egypt’s national power grid

Posted: January 19, 2022 at 7:04 pm   /   Renewables

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 […]

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