Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt
Alhokair Group subsidiary FAS Energy is planning to invest some USD 450 mn (SAR 1.7 bn) to construct a 500 MW solar plant in Egypt in partnership with the Electricity Ministry and the Egyptian Electricity Transmission Company (EETC), FAS Energy CEO Sabri Asfour told Enterprise. The firm is in final negotiations on the location of the plant, and hopes to sign […]
Scatec issues green bonds worth $335 mn to refinance projects in Egypt
Norway’s Scatec has issued green bonds worth $335 million to refinance six solar projects in the southern Egyptian city of Aswan, a statement by the Egyptian cabinet issued on Wednesday said. The projects have a capacity of 380 Megawatts, the statement said. Norway’s Scatec will issue USD 335 mn worth of green bonds to refinance […]
TAQA Arabia inaugurates pioneering 6MW solar plant at Dina Farms
TAQA Arabia, Qalaa Holdings’ Energy Sector subsidiary, has announced in an event the commercial operation of its latest green private-to-private project in Egypt, a 6MWpv solar power plant for Dina Farms. The plant is funded by the European Bank for Reconstruction and Development (EBRD) as part of a financing package of up to US$ 10 […]
Globeleq acquires ARC Renewable Energy’s 66 MW PV solar plant in Benban, Aswan
Independent power producer Globeleq has acquired ARC Renewable Energy’s 66 MW PV solar plant in Aswan’s Benban for an undisclosed sum, according to a statement. Globeleq, a subsidiary of the UK government’s development finance arm CDC Group, will provide ARC with asset management services and oversee the operation and maintenance contractor Gila Al Tawakol. The plant was […]
TAQA Arabia to build 2 Solar Stations with 5 MW total capacity in Somabay, Red Sea
With total investments amounting to USD 4 Million: TAQA Arabia to build 2 PV Solar Stations with total capacity of 5 MW total capacity in Somabay – Red Sea. El Missiri: “At Somabay, we live by the motto “Outstanding by Nature”, and this entails reducing our carbon footprint. It has been a longtime coming as […]
Egypt’s Kom Ombo solar plant receives $114 million financing package
Egypt’s largest private solar plant, Kom Ombo, receives US$ 114 million financing package. EBRD, OPEC Fund, AFDB, GCF and the Arab Bank to finance the 200 MW solar plant in Egypt Kom Ombo solar plant to be developed, constructed and operated by ACWA Power Financing package to increase renewable energy in Egypt The European Bank […]
Belectric, CCC sign contract for Egypt’s 50MW Zaafarana solar plant
A consortium of Germany’s Belectric and Athens-headquartered Consolidated Contractors Company (CCC) has been awarded a contract to build and operate a 50MW photovoltaic (PV) solar plant in Zafarana, Egypt. The consortium signed the contract with Egypt’s New & Renewable Energy Authority (Nrea) on 5 April. Egypt’s Electricity Minister Mohammed Shaker attended the signing ceremony in […]
NREA to sign €36m contract with Belectric for 50MW Zaafarana solar plant
Government entities are pushing ahead with solar stations in Zaafarana, Aswan: The New and Renewable Energy Authority will sign within days a EUR 36 million contract with Germany’s Belectric to establish a 50 MW solar power plant in Zaafarana, sources told the local press. Separately, the Electricity Ministry signed a contract with Emirati energy firm […]
EBRD, TAQA Arabia promote private-to-private renewable energy in Egypt
EBRD loan to TAQA PV for Solar Energy, renewable energy arm of TAQA Arabia First tranche of loan to finance construction of 6 MWp solar photovoltaic power plant to supply dairy producer Dina Farms One of Egypt’s first private-to-private renewable energy projects The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of […]
Benban solar developers get reduced cost-sharing bill
Benban solar developers get a break: The Egyptian Electricity Transmission Company (EETC) has signed an agreement with 32 solar developers operating at the Benban plant that will cut their cost-sharing bill by EGP 300 mn to EGP 1.6 bn, the local press reports, citing unnamed sources familiar with the matter. The agreement, which was first […]
