Newsletter subscribe
Renewables

Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement

Posted: August 24, 2016 at 7:10 pm   /   Renewables

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). […]

No Comments read more
EBRD Egypt Solar

Scatec Solar hoping for compromise deal to keep Egypt solar scheme

Posted: August 17, 2016 at 4:13 pm   /   Renewables

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 […]

No Comments read more

Siemens reportedly offers to build 10 GW wind farm, blade & turbine factory

Posted: August 5, 2016 at 9:44 pm   /   Renewables

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 […]

No Comments read more

International Cooperation Ministry signs MoU with TBEA China to build 1,000 MW solar power plant

Posted: July 29, 2016 at 4:09 pm   /   Renewables

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 […]

No Comments read more

Italy's Enel Green Power exits Egypt's renewable energy market over price and arbitration disagreements

Posted: July 26, 2016 at 8:32 pm   /   Renewables

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 […]

No Comments read more

ACWA Power invests EGP 20 million in three renewable energy projects

Posted: July 14, 2016 at 3:50 pm   /   Renewables

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 […]

No Comments read more

Siemens appoints Emad Ghaly as new Chief Executive Officer for Egypt

Posted: July 3, 2016 at 3:53 pm   /   Electricity & Power, Renewables

• 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 […]

No Comments read more

Siemens, Gamesa merge units to form world’s largest wind turbine maker

Posted: June 20, 2016 at 4:46 pm   /   Renewables

• 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 […]

No Comments read more

EFG Hermes' Vortex Energy closes €550 million wind farm deal

Posted: June 19, 2016 at 9:08 pm   /   Renewables

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 […]

No Comments read more

Forbes: Egypt continues diversification push with wind, gas efforts

Posted: June 2, 2016 at 1:56 pm   /   Oil & Gas, Renewables

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 […]

No Comments read more