Voltalia: Renewables could be the next big winner in Post-Covid Egypt
OPINION: In recent months there have been important developments that mark a sea-change in the potential for renewables in Egypt. If the Government can address the final remaining challenges, Egypt could be on the path to become a regional renewable leader by 2035. * by Karim El Azzawy, Country Manager, Voltalia Egypt and Craig Windram, […]
IEG’s Key Energy 2020, The Energy Transition Changes The Look Of Cities
Clean and advantageous for the economy: convenient renewable energy on utility bills change day-to-day life. Starting from the cities to which LUMIexpo, the new section of the Renewable Energy Expo (Rimini Expo Centre, 3-6 November 2020) is dedicated. From the building trade to energy communities, the digital world, Utilities’ role and electric vehicles, Key Energy […]
Without flexibility, Africa’s energy revolution will not take place: Op-Ed by Ville Rimali, Wärtsilä Energy Business
Without flexibility, the energy revolution in Africa will not take place: Op-Ed by Ville Rimali, Director, Growth & Development Africa & Europe, Wärtsilä Energy Business It is no longer disputable that the energy transition integrating renewable energies into the grid is a reality that is unfolding globally. This can be observed at different rates and […]
ACWA signs MoU to develop Egypt’s sustainable water desalination sector
ACWA Power signs an MoU with the Ministry of Housing and Egyptian Electricity Holding to develop Egypt’s sustainable water desalination sector. Desalination plants to be powered using renewable energy sources, including solar and wind. In the presence of His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, ACWA Power signed a Memorandum of Understanding (MoU) […]
Mubadala-backed Alcazar Energy considers sale of Egypt, Jordan assets
Potential sale is precursor to firm raising another fund. Governments seek to increase renewable-energy sources. Alcazar Energy Ltd., backed by Abu Dhabi’s Mubadala Investment, is preparing the sale of some of their solar and wind assets in Egypt and Jordan, people with knowledge of the matter said. The renewable-energy developer is in talks with banks […]
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 […]
New EBRD video introduces Benban, the world’s largest solar project
The $4 billion Benban solar power park is complete. Built over the course of more than two years, all the plots at Africa’s largest solar park are now operational, the European Bank for Reconstruction and Development (EBRD) said yesterday. The EBRD, the project’s largest financial backers, produced a video showing the “modern-day miracle” from space, […]
Egypt to build five Concentrated Solar Power plants with $1.2bn investment
Egypt has announced plans to construct a series of concentrated solar power (CSP) plants. The Ministry of Military Production in collaboration with local company, Smart Engineering Solutions (SES) will collaborate to construct the plants. With an investment of about US $1.2bn, the partnership also plans to be manufacturing components of these systems locally. According to […]
KarmSolar signs EGP 230 million loan agreement with Banque Misr
KarmSolar has signed a EGP 230 mn loan agreement with Banque Misr to build 24 MW solar power plants, CEO Ahmed Zahran told the local press. Zahran did not say how many plants the company will establish with the money. KarmSolar is also in talks with five local and international banks for a EGP 1 […]
