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Tag: Solar Plant
solar

Saudi Alhokair subsidiary FAS Energy to build $450 mn solar plant in Egypt

Posted: June 25, 2022 at 9:49 am   /   Renewables

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 […]

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scatec

Scatec issues green bonds worth $335 mn to refinance projects in Egypt

Posted: May 6, 2022 at 3:20 pm   /   Renewables

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 […]

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TAQA Arabia Dina Farms

TAQA Arabia inaugurates pioneering 6MW solar plant at Dina Farms

Posted: October 20, 2021 at 12:30 pm   /   Renewables

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 […]

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Globeleq

Globeleq acquires ARC Renewable Energy’s 66 MW PV solar plant in Benban, Aswan

Posted: October 17, 2021 at 1:33 pm   /   Renewables

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 […]

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Taqa Arabia Soma Bay

TAQA Arabia to build 2 Solar Stations with 5 MW total capacity in Somabay, Red Sea

Posted: July 6, 2021 at 9:23 pm   /   Renewables

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 […]

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Solar

Egypt’s Kom Ombo solar plant receives $114 million financing package

Posted: April 24, 2021 at 3:26 pm   /   Renewables

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 […]

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Zaafarana

Belectric, CCC sign contract for Egypt’s 50MW Zaafarana solar plant

Posted: April 7, 2021 at 12:57 pm   /   Renewables

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 […]

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belectric

NREA to sign €36m contract with Belectric for 50MW Zaafarana solar plant

Posted: December 15, 2020 at 3:31 pm   /   Renewables

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 […]

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Solar

EBRD, TAQA Arabia promote private-to-private renewable energy in Egypt

Posted: December 13, 2020 at 10:08 am   /   Renewables

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 […]

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solar

Benban solar developers get reduced cost-sharing bill

Posted: December 2, 2020 at 10:47 am   /   Renewables

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 […]

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