China’s Silk Road Fund acquires 49% stake in ACWA Power’s renewables unit
China’s Silk Road Fund buys into Egypt renewable energy scene through acquisition of large Acwa Power stake: China’s state-owned Silk Road Fund has acquired a 49% stake in Saudi utility developer Acwa Power’s renewable energy unit, Arabian Business reports. No details of the investment have been released. The renewable energy platform, Acwa Power RenewCo, will own Acwa Power’s solar power and […]
Scatec Solar starts commercial operation for third 65 MW power plant in Egypt
Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 400 MW Benban project in Egypt. Scatec Solar now has 195 MW in operation in Egypt and expects to have completed the project during second half of 2019. The Benban solar power plant is Scatec Solar’s largest project […]
Scatec Solar connects first part of 400 MW solar plant in Egypt to grid
First part of Scatec Solar’s 400 MW solar power plant in Egypt in commercial operation. Scatec Solar and partners have grid connected and reached commercial operation for 65 MW of their 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project under construction, and the Company is the largest […]
Vodafone dials in to 100% solar power in Egypt – Energy Live News
The firm plans to build between 20MW and 25MW of new solar infrastructure by the year 2025. Vodafone claims it will be the first company in Egypt to go 100% solar. The global telecommunications giant plans to generate all of its own electricity through massive solar plants in Banban, Aswan. It says the clean power […]
Alcazar AEES1 Solar PV project first of thirty to commence operation in Benban Solar Park Egypt
World’s Largest Solar Park’s First Round 2 PV Project Achieves Completion. Alcazar Energy’s 64 MW Solar PV plant (AEES1) is the first of thirty projects in the Benban Solar Park to complete construction and enter commercial operation. Benban will be the largest solar power installation in the world with up to 1.5 GW capacity located […]
JinkoSolar, Schneider donate 55kW off-grid solar project to Sinai town
JinkoSolar and Schneider Electric have completed a 55kW off-grid solar power project in Sinai to provide 35 families with electricity, according to a company statement. Before the project, the families of Abu Ghuraqd village used diesel generators, which gave them access to power only 8 hours per day and caused both noise and air pollution. […]
Egypt’s renewable energy framework one of fastest-improving globally
Egypt among fastest-improving countries in developing renewable energy regulatory framework, says the World Bank. Egypt is one of the three fastest-improving countries in terms of regulatory frameworks for renewable energy between 2010 and 2017, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE) 2018 report. Egypt’s total RISE score — which assesses regulation […]
Siemens Gamesa acquires 97% of wind energy market share in Egypt
Siemens Gamesa Renewable: The largest wind energy company in Egypt. The company acquires 97% of the market share of wind energy in Egypt and 53% in Africa. Gabel El Zayt and Zaafarana are the largest projects in the Egyptian market and the company contributes 986 MW of wind energy in Egypt to date. Siemens is […]
KarmSolar, EBRD sign mandate for financing 10MW solar station in Egypt
KarmSolar, EBRD sign mandate letter for financing 10MW solar station under Power Purchase Agreement for Egyptian private off taker. KarmSolar and the European Bank for Reconstruction and Development (EBRD) signed a mandate letter today through which the EBRD will study the financing of a 10MWs solar station of KarmSolar’s Power Purchase Agreements with one of […]
Enara to invest $200 million on solar projects in Egypt with 200 MW capacity
Sherif El-Gabaly, chairperson of Enara Capital, said that they are negotiating with the government to implement solar power plants with a capacity of 200MW and investments worth $200m. This is along with the projects that the company is implementing in Benban, Aswan, in the feed-in tariff projects. He explained that the projects will be established […]
