IBM Will Demonstrate How Technology Can Help Align Sustainability Goals To Business Objectives CAIRO : IBM – a leading hybrid cloud, AI, and business services provider – has been named technology partner of the 2022 United Nations Climate Change Conference, or COP27, to be hosted by the Egyptian government in Sharm El-Sheikh during November 6 […]
Sungrow and KarmSolar Cooperate on the Microgrid BESS Project for Cairo 3A Group – EQ Mag Pro
CAIRO : Recently, Sungrow, the global leading inverter solution supplier for renewables, signed a new BESS contract with KarmSolar, Egyptian largest private sector solar energy provider. Sungrow will provide 2.576MWp PV inverter and 1MW/3.957 MWh energy storage system to build a microgrid for Cairo 3A Poultry Company. This microgrid, by its commission in May, 2022, […]
N African Sun Offers Hope, But State Role Key – EQ Mag Pro
CAIRO: Blessed with year-round sunshine, North Africa has enormous potential for solar energy, but the huge investment and state subsidies required for large-scale projects are a challenge for cash-strapped regional governments. The region boasts a few marquee projects that are among the largest in the world but renewable energy entrepreneurs say the focus should be […]
Sudanese Bank Launches First Green Sukuk For Renewable Energy
The investment fund, launched in partnership with Nahda Company for Sustainable Development and the Arab-African Company, will be split into sukuk worth 500 Sudanese pounds each. CAIRO: A Sudanese bank on Monday launched an investment fund offering what it said was the country’s first green sukuk — or bonds compliant with Islamic banking principles — […]
EGYPT: Cairo Wants to Export its Renewable Energy to Iraq Via Jordan
The Egyptian government is studying the possibility of exporting some of its electricity to Iraq. Such a project, if approved, would require the construction of new power lines to boost the Iraqi grid through Jordan. Egypt already exports some of its electricity to the Gulf country.Thanks to its megaprojects, Egypt is one of the main […]
Egypt Acting to Transform to Green Economy, Says Minister
CAIRO : Egypt has taken many steps to transform to green economy, the international cooperation minister said Tuesday. An ambitious plan has been outlined to implement 691 environment-friendly projects in the fields of energy, renewable energy, water and transport, Rania el Mashaat told MENA. Mashaat said that her Ministry acts to seal deals through international […]
Et follows up on Egypt’s plan to increase RE in energy mix
CAIRO : Egypt has previously announced its ambitious plan to increase the share of the renewables in its energy mix to reach 42 percent by the year 2035. In the below lines, et will highlight the latest developments by the government towards achieving this goal. In 2019, the amount of renewable energy generated rose by […]
IFC, ALEXBank partners to support Egyptian farmers access to solar irrigation system
CAIRO : International Finance Corporation (IFC) entered into a partnership with Egypt’s ALEXBANK to help Egyptian farmers access financing to purchase solar irrigation systems, reducing their reliance on diesel-powered generators and boosting their productivity and incomes. IFC noted that through the partnership, both parties will design new financial products to enable farmers – most of […]
UN inaugurates solar energy plant in Cairo slum area
CAIRO: A new solar energy plant was inaugurated on Thursday at Tawasol Community School in the impoverished neighbourhood of Istabl Antar, located in the Cairo slum area of Ezbet Khairallah, according to a statement by the UN Media Center in Cairo. The inauguration was attended by Deputy Resident Representative of the United Nations Development Program […]
Infinity aims to invest LE 300 million in establishing EV charging stations in Egypt
Subsidising the purchase of electric cars in Canada is an inefficient way to reduce greenhouse gas emissions that is not cost effective, a study revealed yesterday. CAIRO: Infinity Company reviewed its plan to expand its network of electric vehicle charging stations in the Egyptian market, in line with the directions and plans of the Egyptian […]
