Saudi Arabia-based energy company ACWA Power has signed a deal with multiple international investors for the provision of funds to implement what is claimed to be the largest private-sector solar energy project in Egypt. As a result of the signed financing package, ACWA Power will receive $114 million from the European Bank for Reconstruction and […]
Coca-Cola Egypt to invest in new product lines, sustainability initiatives
Coca-Cola Egypt – Atlantic Industries, the local subsidiary of the US Coca Cola Company, is investing a total of five billion Egyptian pounds ($318 million) between 2020 and 2025 in new product lines and circular economy initiatives, the company’s general manager said. Moataz Abdel Rahman told Zawya Projects that the company currently has six plants […]
Infinity-E to construct 300 electric vehicle (EV) charging stations in Egypt
Established with the vision to develop Egypt’s electric vehicle charging network infrastructure, Infinity-E, a subsidiary of Infinity Solar, a leading company in the renewable energy sector, is set to invest close to US$ 19.2m in the construction of 300 electric vehicles (EV) charging stations in Egypt by 2023 This was announced by Shams El Din Abdel […]
Egyptian farmers to access solar irrigation pumps funding
Egyptian farmers will now acquire solar irrigation pumps easily after International Finance Corporation (IFC) and the Agricultural bank of Egypt (ABE) formed a partnership to help the farmers access financing to purchase the solar irrigation systems. The partnership will help promote Egyptian farmers switch to Solar Irrigation Systems reducing their reliance on diesel-powered generators and […]