The European Investment Bank (EIB) and the EIB Group as a whole has been working closely with the Egyptian Presidency of COP27 to offer its support both as chair of the world’s Multilateral Banks and to do its part to make sure that this COP is – as the Egyptian Presidency put it – a […]
Egypt’s renewable energy projects to add 300-400 megawatts in 2022 – EQ Mag Pro
Capacity to surpass 10 gigawatts in 2024 Egypt will add 300-400 megawatts (MW) to its renewable energy capacity when new projects and those under construction are completed in 2022, an Egyptian energy official was reported on Monday as saying. Other projects that will be executed in the next two years will boost the North African […]
Plug Power selected for Egypt’s first green hydrogen project – EQ Mag Pro
Fertiglobe has selected Plug Power as a technology partner for a 100W green hydrogen project set to be deployed in Egypt. Fertiglobe, a consortium of OCI, the Abu Dhabi National Oil Company, Scatec ASA, the Sovereign Fund of Egypt, and Orascom Construction, will use Plug Power’s electrolyser technology to produce green hydrogen as feedstock for […]
PROJECTS: Egypt’s TAQA Arabia, Germany’s MAN Energy to Study Green Hydrogen Project
Pilot project planned to produce green hydrogen to fuel domestic tourist buses in Egypt. Rendering of MAN Energy Solutions’ green hydrogen production system using electrolysers Taqa Arabia handout via Zawya Projects. TAQA Power, a subsidiary of Egypt’s largest private sector energy-distribution group TAQA Arabia, has signed a memorandum of understanding (MoU) with the Germany-based MAN […]
Government Launches Solar Cell System Project At Cairo Airport
Project is implemented with financial and technical support from Egyptian Environmental Affairs Agency. Egypt’s Ministries of Environment, Trade and Industry, and Civil Aviation have signed a cooperation protocol to provide technical and financial support for the supply, implementation and operation of small grid-connected solar cells and chargers equipped with solar-powered display screens at Cairo Airport. […]
Egypt’s largest solar plant, Kom Ombo, receives US$ 114 million financing package
The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund) the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of […]
OPEC Fund Helps Finance Egypt’s Largest Private Solar Plant
OPEC’s Fund for International Development is among a group of development banks providing $114 million of loans to build the largest privately owned solar plant in Egypt. ACWA Power’s 200-megawatt Kom Ombo site also received funding from the European Bank for Reconstruction and Development, the African Development Bank, the Green Climate Fund and Jordan’s Arab […]
Egypt’s Kom Ombo solar plant signs US$ 114 million financing package
The new Kom Ombo plant will be located less than 20 km from Africa’s biggest solar park, the 1.8 GW Benban complex. The European Bank for Reconstruction and Development(link is external) (EBRD), the OPEC Fund for International Development(link is external) (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund(link is external) (GCF) […]
Power surge: Why Egypt’s renewable energy sector needs corporate PPAs
Enabling businesses to buy electricity directly from private producers can help Egypt’s reach its renewable energy targets The Egyptian government has set a target of producing 20 percent of its electricity from renewable sources by 2022 and 42 percent by 2035. “Large corporate buyers are increasingly viewing corporate PPAs as an efficient and customisable tool […]