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Tag: EBRD

Initiating the establishment of “Chapter Zero Egypt – the Directors’ Climate Forum Association” to educate companies’ Boards of Directors on the opportunities and challenges of climate change

Posted: November 9, 2022 at 9:17 pm   /   Renewables

The establishment of the Egyptian NGO association “Chapter Zero Egypt – the Directors’ Climate Forum” was announced by Eng. Ahmed El Sewedy, President & CEO El Sewedy Electric, on Wednesday 9 November, on the sidelines of the United Nations Climate Summit COP 27, hosted in Sharm el-Sheikh, Egypt. El Sewedy said that this initiative is […]

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scatec

Scatec issues green bonds worth $335 mn to refinance projects in Egypt

Posted: May 6, 2022 at 3:20 pm   /   Renewables

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 capacity of 380 Megawatts, the statement said. Norway’s Scatec will issue USD 335 mn worth of green bonds to refinance […]

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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 reform programme. In the period from 2022 to 2027, the Bank will focus on three strategic priorities: promoting a more […]

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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 solar plants in Benban, according to the bank’s website. The lender will contribute USD 100 mn to the USD 340 mn […]

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TAQA Arabia Dina Farms

TAQA Arabia inaugurates pioneering 6MW solar plant at Dina Farms

Posted: October 20, 2021 at 12:30 pm   /   Renewables

TAQA Arabia, Qalaa Holdings’ Energy Sector subsidiary, has announced in an event the commercial operation of its latest green private-to-private project in Egypt, a 6MWpv solar power plant for Dina Farms. The plant is funded by the European Bank for Reconstruction and Development (EBRD) as part of a financing package of up to US$ 10 […]

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EBRD

EBRD assisting Egypt with green hydrogen development studies

Posted: April 27, 2021 at 10:46 pm   /   Renewables

The European Bank for Reconstruction and Development (EBRD) is assisting the Egyptian and Moroccan governments with studies for developing green hydrogen. Speaking at the World Hydrogen Mena online conference on 21 April, Gabriel Lastours, head of energy Middle East and Africa at EBRD, said that the development bank was doing studies for the governments in […]

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Solar

Egypt’s Kom Ombo solar plant receives $114 million financing package

Posted: April 24, 2021 at 3:26 pm   /   Renewables

Egypt’s largest private solar plant, Kom Ombo, receives US$ 114 million financing package. EBRD, OPEC Fund, AFDB, GCF and the Arab Bank to finance the 200 MW solar plant in Egypt Kom Ombo solar plant to be developed, constructed and operated by ACWA Power Financing package to increase renewable energy in Egypt The European Bank […]

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Solar

EBRD, TAQA Arabia promote private-to-private renewable energy in Egypt

Posted: December 13, 2020 at 10:08 am   /   Renewables

EBRD loan to TAQA PV for Solar Energy, renewable energy arm of TAQA Arabia First tranche of loan to finance construction of 6 MWp solar photovoltaic power plant to supply dairy producer Dina Farms One of Egypt’s first private-to-private renewable energy projects The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of […]

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APC

EBRD loans Alexandria Petroleum $250 mn for efficiency upgrades

Posted: October 11, 2020 at 12:32 pm   /   Oil & Gas

Egypt’s Alexandria Petroleum going greener with USD 250 million EBRD loan: The European Bank for Reconstruction and Development (EBRD) will provide state-owned Alexandria Petroleum Company (APC) with a USD 250 mn sovereign loan to partially finance USD 647 mn in water and energy efficiency upgrades at the company’s diesel refinery, according to an EBRD statement. […]

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Orascom-Construction-Ras Ghareb

EBRD to provide $50m long-term loan for Egypt’s Ras Ghareb wind plant

Posted: August 9, 2020 at 1:35 pm   /   Renewables

EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez: The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, […]

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