EDF becomes strategic shareholder in KarmSolar, Egypt’s solar power developer and supplier
EDF Renewables becomes a strategic shareholder of KarmSolar, a developer and supplier of solar power in Egypt. EDF Renewables, the renewable energy subsidiary of EDF Group and KarmSolar, a developer and supplier of solar power in Egypt, are entering into a strategic partnership in the development of distributed solar in Egypt. As part of this partnership, […]
French EDF Renewables reportedly to invest $25 million in KarmSolar
EDF to invest USD 25 million in KarmSolar this year: French energy company EDF Renewables is reportedly in advanced talks to invest as much as USD 25 million in KarmSolar before the end of the year, sources familiar with the matter told the press. An agreement is expected to be officially announced “in days,” the […]
EDF, Elsewedy commission 130 MW solar power plants in Benban
EDF Renewables and the ELSEWEDY ELECTRIC Group are announcing the commissioning of two solar power plants in Benban (Egypt) with a total installed capacity of 130MWp. These photovoltaic projects jointly owned by the partners hold a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC). Their commissioning brings the EDF Group one […]
Energean submits final offer for Edison’s Oil & Gas assets
Greece’s Energean Bids for EDF Oil & Gas Assets. EDF has been seeking a sale to focus on nuclear projects. Some other potential suitors have dropped out of bidding. Energean Oil & Gas Plc, the Greek energy producer that sold shares in London last year, is bidding for the oil and gas business of Electricite […]
Neptune, DEA submit bids for Edison oil and gas assets – sources
Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]
Italy’s Edison to sell its oil & gas division
Italian energy company Edison is planning to sell off its oil and gas unit in favor of focusing on its retail business, Reuters reports. Edison’s assets in Egypt — including the Abu Qir concession — are among the “most attractive parts” of the company’s oil and gas portfolio, sources tell the newswire. “The company has […]
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 on the government’s insistence over domestic arbitration and pricing concerns due to lingering fears of further devaluation of the Egyptian […]
EDF signs 5 MOUs and gets set for development of renewable energy in Egypt
On the occasion of the State visit by the President of the French Republic, François Hollande, EDF has signed five memoranda of understanding thus confirming its strategy for developing low carbon energy in Egypt. Three of these agreements concern the future development of EDF Energies Nouvelles projects in wind power and solar energy in partnership […]