HAU secures investments for renewables pipeline: Hassan Allam Utilities (HAU) secured a USD 40 mn investment facility from the Emerging Africa and Asia Infrastructure Fund — a unit of Private Infrastructure Development Group — to finance 2.3 GW worth of renewable energy projects, according to a press release (pdf).

Where will the money go? The investment will be used to fund projects that Hassan Allam is co-developing with other partners, including the Gulf of Suez 1.1 GW wind farm, the giant 1.2 GW Benban plant, and the Wahat Solar photovoltaic (PV) plants and its 720 MWh battery energy storage systems (BESS).

IN OTHER EGYPT NEWS-

Al Mansour Automotive and Chinese state-owned SAIC’s secured an allocation for a 21k sqm plot of land from the Egyptian government for their assembly project, Al Mal reports, citing sources from Egypt’s Industry Ministry it says have knowledge of the matter. The pair intends to assemble traditional and EVs for SAIC-owned brand MG.

We got a more definite date of when to expect production to kick off, with the news outlet's sources saying that vehicles should start rolling off the assembly lines in 2026. The factory will put out a total of 15k cars a year.

We knew this was in the works: Al Mansour Automotive announced plans for the plant in partnership with China’s state-owned SAIC and an unnamed partner last month. The local automotive player first secured the rights to be MG’s exclusive distributor back in 2018.

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