ACWA Power’s 200MW Kom Ombo solar project obtains $123 million financing package
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced that it has signed a US$123 million financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]
ASCOM lays Foundation Stone of new solar power plant in El Minya in collaboration with TAQA Arabia
In Presence of El Minya Governor, and Ahead of COP27: ASCOM Carbonate and Chemicals Manufacturing lays Foundation Stone of a new solar power plant in El Minya to Provide clean energy in collaboration with TAQA Arabia In support of El Minya Governorate’s environmental endeavors to transition to clean energy, ASCOM Carbonate and Chemicals Manufacturing (Qalaa […]
TAQA Arabia Launches the Largest Solar Power Plant in Sharm El-Sheikh generating over 42 GWh / year
Ahead of COP27, TAQA Arabia Launches the Largest Solar Power Plant in Sharm El-Sheikh generating more than 42 GWh / year and reducing 500,000 tons of carbon emissions. In line Egypt’s strategy towards expanding the use of clean energy, TAQA Power – a subsidiary of TAQA Arabia, the full-service energy and utility provider in Egypt, announced the commissioning […]
Somabay & TAQA Arabia inaugurate PV Solar plant, Sign Agreement to Build new Water Desalination Plant
Somabay and TAQA Arabia celebrate the inauguration of a 5MW PV solar plant in Somabay owned by TAQA Arabia, the full-service energy and utility provider in Egypt. The PV station was inaugurated by Mr. Osama Saleh, Chairman of the Board of Directors of Abu Soma Tourism Development Company, Mr. Ibrahim El-Missiri, CEO of Abu Soma […]
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 […]
