{"id":543924,"date":"2022-02-24T03:55:24","date_gmt":"2022-02-24T03:55:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/"},"modified":"2022-02-24T03:55:24","modified_gmt":"2022-02-24T03:55:24","slug":"europes-amarenco-acquires-majority-stake-in-solarizegypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/","title":{"rendered":"Europe\u2019s Amarenco acquires majority stake in SolarizEgypt"},"content":{"rendered":"

<\/a> SolarizEgypt, Amarenco Group sign USD 255 mn acquisition + JV agreement: <\/strong>European solar player Amarenco Group<\/a> is acquiring 74% of independent power producer SolarizEgypt\u2019<\/a>s portfolio, establishing a joint venture that will co-develop 300 MW of solar power projects worth EGP 4 bn over the next four years, a joint<\/a>statement (pdf)<\/a> says.<\/p>\n

SolarizEgypt has a portfolio of over 50 MW of signed solar power purchase agreements <\/strong>with firms including Orascom Development Holding, Arabian Cement Company, Coca Cola Bottling, and others operating in various industries, according to the press release. The independent power producer builds captive systems for corporations.<\/p>\n","protected":false},"excerpt":{"rendered":"

SolarizEgypt, Amarenco Group sign USD 255 mn acquisition + JV agreement: European solar player Amarenco Group is acquiring 74% of independent power producer SolarizEgypt\u2019s portfolio, establishing a joint venture that will co-develop 300 MW of solar power projects worth EGP 4 bn over the next four years, a jointstatement (pdf) says. SolarizEgypt has a portfolio […]<\/p>\n","protected":false},"author":1,"featured_media":543925,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[1065,72,7128,150,1064],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-amarenco","tag-enterpriseam","tag-ma-watch","tag-renewable-energy","tag-solarizegypt","wpautop","entry"],"acf":{"mongo_id":"60548492-02b9-4618-bc39-692a8ef2b0e3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/352.jpg","photo_position":"above","related_issue":[543916],"teaser":"","voice_url":""},"yoast_head":"\nEurope\u2019s Amarenco acquires majority stake in SolarizEgypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Europe\u2019s Amarenco acquires majority stake in SolarizEgypt\" \/>\n<meta property=\"og:description\" content=\"SolarizEgypt, Amarenco Group sign USD 255 mn acquisition + JV agreement: European solar player Amarenco Group is acquiring 74% of independent power producer SolarizEgypt\u2019s portfolio, establishing a joint venture that will co-develop 300 MW of solar power projects worth EGP 4 bn over the next four years, a jointstatement (pdf) says. SolarizEgypt has a portfolio […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-24T03:55:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/352.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Europe\u2019s Amarenco acquires majority stake in SolarizEgypt\",\"datePublished\":\"2022-02-24T03:55:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\"},\"wordCount\":101,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/352.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Amarenco\",\"EnterpriseAM\",\"M&A Watch\",\"renewable energy\",\"SolarizEgypt\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/24\/europes-amarenco-acquires-majority-stake-in-solarizegypt\/\",\"name\":\"Europe\u2019s Amarenco acquires majority stake in SolarizEgypt - 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The second phase of the project will bring the solar\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544282,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/this-evening-frances-amarenco-group-to-acquire-74-of-solarizegypts-portfolio-fb-logistics-platform-oneorder-raises-usd-1-mn\/","url_meta":{"origin":543924,"position":2},"title":"THIS EVENING: France\u2019s Amarenco Group to acquire 74% of SolarizEgypt\u2019s portfolio + F&B logistics platform OneOrder raises USD 1 mn","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen, and welcome to almost-THURSDAY, as we like to call it here at Enterprise. It\u2019s a bit of a mad rush to the weekend here at home and abroad (or, more specifically, in Ukraine), with a flurry of news on both fronts to keep you busy.\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600091,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/arabian-cement-solarizegypt-sign-egp-100-mn-solar-power-plant-agreement\/","url_meta":{"origin":543924,"position":3},"title":"Arabian Cement, SolarizEgypt sign EGP 100 mn solar power plant agreement","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"Arabian Cement signs agreement with SolarizEgypt for EGP 100 mn solar facility: Arabian Cement Company (ACC) and SolarizEgypt signed on Wednesday a EGP 100 mn agreement to set up a solar power plant at ACC\u2019s cement plant in Suez, according to an emailed statement (pdf). The solar power installation will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592743,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/solarizegypt-to-build-solar-power-plants-for-port-said-industrial-complex\/","url_meta":{"origin":543924,"position":4},"title":"SolarizEgypt to build solar power plants for Port Said industrial complex","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"SolarizEgyptis set to equip an industrial complex in Port Said with solar power plants to generate energy for 22 of the 58 facilities in the complex, Al Mal reports. The plants will generate a combined total of 569 MW of clean energy, and will receive an undisclosed amount of financing\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553749,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/02\/rooftop-solar-panels-why-theyre-good-and-how-much-they-cost\/","url_meta":{"origin":543924,"position":5},"title":"Rooftop solar panels: why they\u2019re good and how much they cost.","author":"enterpriseam admin","date":"2 July 2021","format":false,"excerpt":"Solar energy use in homes is a sure way to reduce a family\u2019s monthly utility bill, while also helping curb carbon emissions. 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