Masdar Joint Venture Powers COP27 with Zero-Carbon Energy
• Infinity Power, joint venture between Masdar and Egypt’s Infinity, providing renewable energy for global UN gathering in Sharm El-Sheikh. • JV is operating 6 megawatts-peak (MWp) solar photovoltaic (PV) plant, providing enough electricity to power more than 5,000 homes a year while cutting CO2 emissions by over 4,000 tonnes.• Infinity Power is Principal Partner for COP27. Infinity Power Holding, […]
The NREA Outlines Project Plans for Two Large Solar and Wind Energy Projects
This year, Egypt publicly set the goal of achieving 42% of its electricity from renewable sources by 2035. In line with that, The New and Renewable Energy Authority (NREA) has outlined projects to construct two large solar and wind power generation plants. Recent developments for solar and wind energy projects in Egypt The two projects […]
Eni looks to establish 10 GW of solar & wind projects in Egypt, boost gas exports to Europe
Eni to go big on Egypt’s renewable energy sector? Eni could establish 10 GW of renewable energy projects in Egypt “in the forthcoming years,” the Italian energy giant said in a statement. The company’s CEO, Claudio Descalzi, “agreed on the opportunity to implement” the solar and wind projects during a meeting with President Abdel Fattah El Sisi […]
Huawei showcases its latest energy solutions at “Solar Show MENA 2022”
Deng: Our leading energy solutions showcased during the expo are in support of the state’s strategy to digitally transform the energy sector Deng: Egypt is one of the most potential solar markets in the region with its unique energy hub proposition and location Huawei Technologies, a leading global provider of information and communications technology (ICT) […]
EFG’s Vortex Energy invested €222 mn in Spanish solar firm Ignis Energia
Vortex Energy has made more than a third of its planned EUR 625 mn investment in Ignis Energia: EFG Hermes’ energy investment platform Vortex Energy has so far invested EUR 222 mn of equity capital into Ignis Energia, Vortex said in a press release yesterday. Vortex plans to eventually invest EUR 625 mn in Ignis under an agreement signed with the […]
OPED: Africa can adopt renewable energy on a massive scale and save billions along the way
Oped by Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and […]
Siemens, Desert Technologies JV to invest $25 mn in solar energy, acquisitions in Egypt
Siemens-backed JV to invest USD 25 mn in Egypt’s solar infrastructure: Capton Energy — a newly established joint venture between Siemens’ financing arm, Siemens Financial Services, and Saudi-based solar energy firm Desert Technologies — plans to invest USD 25 mn in new and existing solar energy projects in Egypt in a first stage, Al Borsa quotes Desert Technologies’ […]
SolarizEgypt, Amarenco sign $255 million acquisition, joint-venture agreement
Amarenco Group and SolarizEgypt announce the establishment of a new partnership in Egypt. This definitive agreement between both parties agrees that Amarenco shall acquire 74% of SolarizEgypt’s portfolio and co-develop 300MW of assets at an estimated budget of 4 billion Egyptian Pounds (255MUSD) in the next four years. This Joint Venture between both parties is […]
EBRD backs Scatec Solar $100 million Benban green bond
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 […]
Energy Egypt is delighted to be a Partner of RENPOWER EGYPT INVESTORS 2021
Dates: 13 & 14 July, 2021 / Time: 14:00 to 17:15 (Cairo time zone) on both days Place: Online platform (live streaming) / Languages: English The Egyptian government plans to increase the supply of electricity generated from renewables to 42% by 2035. Whilst one of Egypt’s largest privately developed utility-scale solar projects – the Kom […]
