Power Play: Globeleq's Solar Stake in Egypt
Globeleq boosts its stake in Egypt's solar power with acquisition of Winnergy plant, generating clean electricity for the country's grid.
Apr 23, 2024 // Plants, Large-Scale, Commercial, Asia, Africa, Egypt, PV Power Plant, Globeleq
China Electric Power to Power 10-GW Solar in Egypt
Egypt and China have signed an MoU to develop a massive 10GW solar project, promising 29,784GWh of clean energy and a transformative USD1bn savings in natural gas expenses. This will support Egypt's Green Corridor Initiative, helping it reach 42% renewables by 2030.
Dec 28, 2023 // Plants, China, Asia, Africa, Egypt, PV Power Plant, China Electric Power
Saudi's $123M Egypt Solar Closes Financing
ACWA Power has closed financing for 200MW Kom Ombo solar project in Egypt, with $123 million of the total $182 million investment coming from international institutions. In January 2024, the plant will provide electricity to 130,000 households and help Egypt meet its 2035 goal of 42% renewable energy.
Aug 30, 2023 // Markets & Finance News, Asia, Africa, Egypt, ACWA Power, Solar Project
Egyptian-French Consortium Powers Metal Industries with Renewables
A French-Egyptian consortium is exploring the potential of building two solar energy plants to serve Egypt's metal and aluminum industry. Orascom Construction PLC and Engie met with Egypt's public business sector minister to discuss the renewable energy projects, which could further the country's renewable energy goals.
Jul 28, 2023 // Plants, France, Europe, Asia, Africa, Egypt, PV Power Plant
ACWA Power inks financing deal for 200MW Egyptian solar
$ 123m package includes loans of approximately $36m from the EBRD as well as $14.6 m from the OPEC Fund
Apr 25, 2023 // Markets & Finance News, Asia, Africa, Egypt, ACWA Power
Egypt's New Energy Plans to Increase Renewable Energy Capacity by 55 GW
Egypt will certainly soon become a significant worldwide energy hub, according to the nation's elderly authority in the field. The nation inked countless projects in November that would certainly increase its current solar and wind power generation by over 55 GW.
Dec 16, 2022 // Markets & Finance News, Asia, Africa, Egypt, Mohammed Al-Khayyat
UAE programmer closes on 1GW of wind, solar projects in Egypt
AMEA Power said both 500MW schemes represent a US$ 1.1 bn investment in the country's economy
Nov 30, 2022 // Markets & Finance News, Asia, Africa, Egypt, UAE, amea power, solar projects
Globeleq inks framework contract for 3.6-GW green H2 project in Egypt
Africa-focused independent power manufacturer (IPP) Globeleq has authorized a framework arrangement with Egyptian authorities that paves the way for the construction of a 3.6-GW green hydrogen production hub in Egypt.
Nov 21, 2022 // Markets & Finance News, Solar to Fuel, IPP, Asia, Africa, Egypt, green hydrogen, Globeleq
Oz developer indicators 7.6 GW renewables pact with Egypt
Fortescue Future Industries's framework agreement to establish projects, including green hydrogen, in the nation
Nov 16, 2022 // Storage, Solar to Fuel, Asia, Africa, Egypt, Oz, Mark Hutchinson
TAQA Arabia gets EBRD financing for 7-MW solar project in Egypt
The European Bank for Reconstruction and Development (EBRD) is giving USD 5.5 million (EUR 5.5 m) to the renewable resource subsidiary of Egyptian power business TAQA Arabia to construct as well as operate a 7-MWp solar photovoltaic (PV) project in El Minya, Egypt.
Nov 10, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, EBRD, Asia, Africa, Egypt, Solar Project, TAQA Arabia
Germany, Egypt Join Hands for Renewable Hydrogen
The collaboration will be concentrated on the implementation of projects for producing, handling, employing and transferring green hydrogen in addition to the promotion of a green hydrogen field. Egypt as well as Germany will together be buying research study on green hydrogen also.
Nov 7, 2022 // Solar to Fuel, Germany, Europe, Asia, Africa, Egypt, green hydrogen, Climate Change, LNG, National Hydrogen Policy, Suexz Canal Economic Zone
Azelio, Engazaat advance on renewable resource storage project in Egypt
Swedish power storage company Azelio AB (FRA:4 AZ) as well as Egypt-based project designer Engazaat Development SAE are pressing ahead with the implementation of a joint project for renewable energy storage space after completing an usefulness research study.
Oct 11, 2022 // Storage, Asia, Africa, Egypt, azelio, Engazaat
Fortescue eyes huge H2 manufacturing with 9.2 GW of wind, solar in Egypt
Australia's Fortescue Future Industries (FFI) will certainly pursue the building of huge green hydrogen and ammonia manufacturing complex in Egypt powered by 9.2 GW of wind and also solar capacity.
Sep 12, 2022 // Solar to Fuel, Asia, Africa, Egypt, Fortescue
Egypt Wants To Construct 2 Large Solar, Wind Projects
The New and Renewable Energy Authority revealed that the solar power plant that could be developed will have a generation capacity of 830 MW and also a wind energy project would generate concerning 1,700 MW. NREA detailed both planned projects as 'under research'.
Sep 6, 2022 // Plants, Asia, Africa, Egypt, ReNew Power, Benban Solar Park, NREA, Solar Project, New and Renewable Energy Authority
Globeleq tables plan for 3.6-GW green hydrogen complex in Egypt
Africa-focused independent power manufacturer (IPP) Globeleq on Monday unveiled a project that envisages the creation of a 3.6-GW green hydrogen production hub powered by 9 GW of wind as well as solar capacity within the Suez Canal Economic Zone in Egypt.
Aug 29, 2022 // Solar to Fuel, Asia, Africa, Egypt, green hydrogen, Globeleq