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Tag: Solar energy
Benban

EETC settles EGP 1.6 bn cost-sharing bill increase with Benban solar companies

Posted: October 7, 2020 at 7:14 pm   /   Renewables

Benban solar developers get EGP 300 mn reduction in cost-sharing bill: Solar power developers operating at the Benban solar power park have reached an agreement with the Egyptian Electricity Transmission Company (EETC) to lower the cost-sharing bill to EGP 1.6 bn from EGP 1.9 bn, the local press reports, citing unnamed sources at the EETC. […]

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EFG Hermes

Egypt’s EFG Hermes sells UK Solar Assets for over $600 million

Posted: October 5, 2020 at 10:13 pm   /   Renewables

The deal values Vortex III portfolio at almost $650 million  EFG may invest $600 million building a new renewable portfolio  Egyptian investment bank EFG-Hermes Holding Co. sold a controlling stake in a U.K. solar-energy portfolio to a Malaysian utility in a deal that values the assets at 500 million pounds ($647 million). EFG-Hermes’s private equity […]

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Solar

Electricity generation capacity glut forces companies to think smaller on solar

Posted: August 31, 2020 at 1:59 pm   /   Renewables

Qalaa Holding’s TAQA Arabia will be focusing on small-scale solar projects to the tune of 2-10 MW in Egypt for the next two years, as the government slows down reliance on renewables amid a production glut, the company’s project director Mohamed Osama said at a webinar hosted by EQ Magazine and the Middle East Solar […]

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Solar

TAQA Arabia to increase investment in MENA renewable projects

Posted: August 31, 2020 at 1:56 pm   /   Renewables

Company to focus on small solar plants, rooftop projects in Egypt: Egypt’s TAQA Arabia is looking to increase investment in renewable projects in the Middle East and Africa, according to a senior company official. “We are studying several projects in the Middle East and Africa and expect procurement in the solar sector to be strong […]

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Solar energy - Wartsila Africa - Ville Rimali Flexibility op-ed

How Egypt banks on renewables to meet expected surge of energy demand: Op-Ed by Toufik Khitous, Wärtsilä Energy Business

Posted: July 16, 2020 at 2:40 pm   /   Renewables

Op-ed, By Toufik Khitous, Business Development Manager for North Africa, Wärtsilä Energy Business. To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?  Egypt’s population has now passed 100 million. As one […]

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Voltalia

Voltalia: Renewables could be the next big winner in Post-Covid Egypt

Posted: July 8, 2020 at 2:27 pm   /   Electricity & Power, Renewables

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, […]

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key energy

IEG’s Key Energy 2020, The Energy Transition Changes The Look Of Cities

Posted: June 29, 2020 at 4:29 pm   /   Renewables

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 […]

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Solar energy - Wartsila Africa - Ville Rimali Flexibility op-ed

Without flexibility, Africa’s energy revolution will not take place: Op-Ed by Ville Rimali, Wärtsilä Energy Business

Posted: June 27, 2020 at 9:04 pm   /   Renewables

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 […]

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Acwa

ACWA signs MoU to develop Egypt’s sustainable water desalination sector

Posted: March 4, 2020 at 1:29 pm   /   Renewables

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) […]

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Mubadala-backed Alcazar Energy considers sale of Egypt, Jordan assets

Posted: January 20, 2020 at 4:02 pm   /   Renewables

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 […]

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