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Mohammed bin Salman tells PIF to pump USD 5 bn in investments into Egypt in “first phase”
Details on the kinds of investments to be targeted remained sparse
AMEA Power to invest USD 800 mn to develop Africa’s largest solar power plant and battery storage projects in Upper Egypt. PLUS: Scatec, two int’l consortia set the wheels in motion on renewables projects.
AMEA will develop a 1 GW solar power plant with 600 MWh battery storage system in Benban — expected to…
How far have Egypt’s environmental and sustainability efforts come over the past decade?
GHG emissions have been declining since 2017
OCI offloads methanol interests to Methanex for USD 2.05 bn
The transaction will see OCI get a 13% ownership in Methanex to make it the company’s second largest shareholder
T&C Garments readies investments to up production 30% 2026. PLUS: Madinet Masr, Urban Development Fund, ZeroCarbon, ERG Development
The investments will go towards adding new production lines, as well as replacing and restoring older machines
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
Mitsubishi and another undisclosed Japanese firm selected to set up Hurghada’s 20 MW solar power plant
The facility will be Egypt’s first solar station to be equipped with a battery to store energy
The roadmap to adding 28 GW of renewable energy to Egypt’s energy mix — Part II
The government is considering lifting caps on renewable energy production and offering more incentives to meet its 28 GW target
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