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The lowdown on solar energy use in the industrial sector
Each MWh of solar energy currently saves around EGP 2.25 mn per year in electricity costs
Scatec and Orascom Construction-led consortium allocated land for two wind farms that will generate 8 GW of energy
The two wind farm projects will bring in some USD 9 bn in FDI
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
Why are so few Egyptian households going solar?
A weaker EGP, high interest rates, and limited financing options have increased the price tag of solar panels
Private sector energy firms step in line for renewable energy projects under new peer-to-peer system
The peer-to-peer system allows private sector companies to produce renewable energy and sell it directly to private sector firms
A look at what EFG Hermes’ Vortex Energy has in its renewable energy investment pipeline
Vortex Energy has launched four funds, the first three of which have deployed some EUR 1.6 bn
Egypt to build two solar plants with EU funds
The entirety of the projects’ cost will be covered by a grant from the EU
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