The company Électricité de France (EDF) is about to obtain an agreement to acquire an equity stake in the Egyptian company KarmSolar by investing 25 million dollars. The arrival of the French giant is expected before the end of 2019. According to Egyptian press reports, the giant Electricité de France (EDF) is one of the […]
EGYPT: Acwa Power secures contract for 200 MWp of solar energy in Kom Ombo
Saudi independent power producer Acwa Power (IPP) has won the contract to build the Kom Ombo solar photovoltaic power plant in Upper Egypt. It will have a capacity of 200 MWp. It is no surprise that Acwa Power, an independent power producer (IPP) based in Riyadh, Saudi Arabia, will build the Kom Ombo solar photovoltaic […]
ACWA Power Signs the Power Purchase Agreement for the 200 MW Kom Ombo PV plant in Egypt
Summary The plant will power 130,000 homes with solar energy and offset 280,000 tonnes of carbon emissions annually Cairo, Egypt: ACWA Power – a leading international developer and operator of power generation and water desalination facilities from Saudi Arabia – signs a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and […]
EDF Renewables commissions 130 MW in solar energy capacity in Egypt
EDF said the latest plants moved it closer to meeting its goal of doubling its net renewable energy capacity in France and worldwide to a net amount of 50GW between 2015-2030 PARIS: EDF Renewables said it had commissioned 130 megawatt power worth of solar energy capacity in Egypt, as it steps up the pace of […]
Scatec Solar reaches commercial operation for its fifth 65 MW power plant in Egypt
Oslo: Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the Benban project in Egypt. This is Scatec Solar’s fifth solar plant in country and the company now has 335 MW in operation in Egypt. The last plant is expected to reach commercial operation with a couple of […]
EBRD looks to boost equity investments in Egypt
CAIRO : The European Bank for Reconstruction and Development (EBRD) expects to keep investments in Egypt at over 1 billion euros this year, boosting its equity portfolio through a delayed privatisation programme, its regional director said. The bank intends to participate in an expected share offering for state-run Alexandria Container and Cargo Handling Company, among […]
Lightsource BP makes major Brazil solar acquisition
The London-based firm, in which BP holds a 43% stake, said in a statement it bought 1.9 gigawatt of projects from independent renewables developer Enerlife for an undisclosed sum LONDON: Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its current global capacity. The […]
Germany’s Siemens says to cut 2,700 jobs worldwide
Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, “over several years”. The division — set for an independent stock market flotation in 2020 — will “require further savings of 500 million euros” ($560 million), Siemens said in a statement. […]
Scatec Solar reaches commercial operation for its third 65 MW power plant in Egypt
Oslo: Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 400 MW Benban project in Egypt. Scatec Solar now has 195 MW in operation in Egypt and expects to have completed the project during second half of 2019. The Benban solar power plant is Scatec Solar’s largest […]
BRIEF: Scatec Solar – First part of solar power plant in Egypt in commercial operation
EXPECTS TO HAVE COMPLETED ALL SIX POWER PLANTS IN EGYPT DURING SECOND HALF OF 2019 * REG-FIRST PART OF SCATEC SOLAR’S 400 MW SOLAR POWER PLANT IN EGYPT IN COMMERCIAL OPERATION * EXPECTS TO HAVE COMPLETED ALL SIX POWER PLANTS IN EGYPT DURING SECOND HALF OF 2019 Source: reuters