3:15 pm bp awarded King Mariout Offshore exploration block in Egypt’s West Mediterranean
10:49 am PETRONAS Retains Position as World’s Strongest Oil and Gas Brand
9:59 am Key Energy: The Road to Energy Diversification Goes Through Here
9:53 am Hempel launches Hempafire XTR 100 for hydrocarbon passive fire protection of O&G downstream assets
9:49 am Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt
11:43 am ACWA Power, Hassan Allam consortium signs deal for 1.1GW wind project in Egypt worth US$1.5 bn
Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement
Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2.3 billion). […]
Scatec Solar hoping for compromise deal to keep Egypt solar scheme
A group of developers, including Scatec Solar, are renegotiating the terms of their power purchase agreements (PPA) with the Egyptian government in an effort to keep them on the existing timetable. Enel Green Power had […]
Siemens reportedly offers to build 10 GW wind farm, blade & turbine factory
Siemens has reportedly offered to build a 10 GW wind farm in an undisclosed location in Egypt, according to an unnamed source at the electricity ministry, Al Borsa reported. Siemens is also reportedly set to […]
International Cooperation Ministry signs MoU with TBEA China to build 1,000 MW solar power plant
The International Cooperation Ministry has signed an MoU with electrical equipment manufacturer TBEA China to build a 1,000 MW solar power plant at the Military Production Ministry Headquarters, Al Mal reported. The International Cooperation Ministry […]
Italy's Enel Green Power exits Egypt's renewable energy market over price and arbitration disagreements
Italy’s Enel Green Power has exited the Egyptian renewable energy market and is seeking compensation for investments it has already injected, according to Al-Borsa newspaper. The move comes as international investors and the government disagree […]
ACWA Power invests EGP 20 million in three renewable energy projects
Saudi’s ACWA Power has invested EGP 20 mn in three renewable energy projects in Egypt under the feed-in-tariff system, Regional Director Hassan Amin told Al Mal. The projects include two wind farms and a solar […]
Siemens appoints Emad Ghaly as new Chief Executive Officer for Egypt
• Emad Ghaly to lead Siemens’ business into strategic growth areas in Egypt. • Maximilian Egger to retire after a 40-year career at Siemens. • Supporting Egypt’s sustainable development remains a key priority. Siemens has […]
Siemens, Gamesa merge units to form world’s largest wind turbine maker
• Siemens will hold 59% of merged company; Gamesa gets dividend. • Companies have been in talks since the beginning of the year. Siemens AG and Gamesa Corp. Tecnologica SA agreed to combine their wind-turbine […]
EFG Hermes' Vortex Energy closes €550 million wind farm deal
Egypt’s EFG Hermes said on Thursday that its renewable energy platform, Vortex, had bought a 49 percent stake in an operational 664 MW portfolio of European wind assets from EDP Renovaveis for 550 million euro […]
Forbes: Egypt continues diversification push with wind, gas efforts
After announcing a new solar push last week, Egypt will soon consider new wind and natural gas efforts as a part of a broader energy diversification push. Faced with energy uncertainty in recent years and […]
