ACWA’s solar plant named IJGlobal’s energy transition transaction of the year

Kom Ombo solar recognized: ACWA Power’s 200-MW Kom Ombo solar plant was named IJGlobal’s Africa 2023 Energy Transition Transaction of the Year, according to a statement.

Refresher- The project is Egypt’s largest privately-owned solar plant with long-term loans from multilateral lenders including the European Bank for Reconstruction and Development (EBRD), OPEC Fund for International Development, the African Development Bank, the Green Climate Fund, the Sustainable Energy Fund for Africa, and the Arab Bank. ACWA has also taken out equity bridge loans from Apicorp and the EBRD.