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Infrastructure 
Acwa reaches financial close on USD 1.2 bn Gulf of Suez project
The funding includes a USD 275 mn loan from EBRD
Hassan Allam and ACWA Power get government approval for 1.1 GW Gulf of Suez wind farm
The wind farm’s 1.1 GW capacity will mark it as the largest wind project in both Africa and the Middle…
EBRD greenlights USD 275 mn loan for Gulf of Suez mega wind farm
EBRD is contributing USD 200 mn and the remaining USD 75 mn will be coming from Arab Bank and Standard…
MNT-Halan enters the UAE market with Halan Advance launch. PLUS: Hassan Allam Utilities + ACWA Power, Somabay + Taqa Arabia, AMEA Power, Monoprix + TMT
MNT-Halan has a target of building its customer base in the country to 250k by the end of next year
AfDB backs Hassan Allam and ACWA’s Gulf of Suez mega windfarm with USD 170 mn loan
The loan would fund 16.0% of the entire USD 1.1 bn project
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
ACWA Power, Hassan Allam plan to secure close to USD 900 mn for their mega Gulf of Suez wind farm by year end
The consortium signed a 25-year land usufruct agreement for the wind farm in January
ACWA Power to complete first phase of its SCZone green hydrogen project in 4Q 2028
The renewables developer is also looking to invest in desalination projects in Egypt in the coming period
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