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 […]
Lightsource BP eyes projects worth $8 billion amid expansion plans
BP’s solar energy arm eyes $8 billion worth of projects amid expansion plans. Lightsource BP, in which the major took a 43 per cent stake in 2017 eyes possible expansion in China and Australia – Lightsource BP chief executive Nick Boyle said he was targetting 10GW capacity build-up by 2023. Lightsource, the solar arm of […]
Revolta to set up Egypt’s first EV manufacturing, maintenance facility
Revolta ties up with Ukrainian firm Eco Factory for Egypt’s new green project. Revolta Egypt, a developer of electric vehicle (EV) charging stations and related projects, is planning to launch the first EV manufacturing factory and maintenance centre in the country. Revolta has tied up with Ukrainian firm Eco Factory to set up the factory […]
Q&A: Alessandra Astolfi, Brand Manager Green & Technology Division, IEG
Interview with Alessandra Astolfi, Group Brand Manager Green & Technology Division, Italian Exhibition Group (IEG). How might the event “Key Energy” be of benefit to the Egyptian Renewable Energy Industry? Key Energy is a business and training opportunity for the entire renewable energy sector: a marketplace at which to find ideas, set up contacts, increase commercial […]
Key Energy: New Developments for the Renewable Energy International Expo
An extremely comprehensive offer for the Italian Exhibition Group appointment. at Rimini Expo Centre, with Key Solar, Key Storage, Key Wind, Key Efficiency and Sustainable City. The debut of DPE- Distributed Power Europe. From 5th to 8th November, simultaneously with Ecomondo. From renewable sources to storage systems, efficient energy management to digital technology and the […]
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 […]
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 […]
Egypt signs €20 mn deal with Spain’s TSK for Kom Ombo solar park
Egypt’s New and Renewable Energy Authority NREA and the Spanish energy giant TSK Grupo signed on Thursday a contract to set up a 26 MW photovoltaic plant, also known as a solar park, in Kom Ombo in Aswan, Upper Egypt, valued at a total of 20 million euros. “The plant will be built over an […]
KarmSolar to raise EGP 500 million for first phase of expansion plan
Attijari Finances signs an agreement with KarmSolar to act as Advisor and coordinator for the fastest growing Egyptian solar energy company. KarmSolar, Egypt’s fastest growing solar energy solutions company, has signed an agreement with Attijari Finances to act as KarmSolar’s global advisor and coordinator for the company’s equity fundraising process. This move comes as part […]
LA Times: World’s largest solar farm rises in the Egyptian desert
In 1913 on the outskirts of Cairo, an inventor from Philadelphia named Frank Shuman built the world’s first solar thermal power station, using the abundant Egyptian sunshine to pump 6,000 gallons of water a minute from the Nile to irrigate a nearby cotton field. World War I and the discovery of cheap oil derailed Shuman’s […]
