{"id":547822,"date":"2022-07-07T03:57:09","date_gmt":"2022-07-07T03:57:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/globeleq-is-interested-in-investing-in-egypts-renewables-clean-energy-projects\/"},"modified":"2022-07-07T03:57:09","modified_gmt":"2022-07-07T03:57:09","slug":"globeleq-is-interested-in-investing-in-egypts-renewables-clean-energy-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/07\/globeleq-is-interested-in-investing-in-egypts-renewables-clean-energy-projects\/","title":{"rendered":"Globeleq is interested in investing in Egypt\u2019s renewables, clean energy projects"},"content":{"rendered":"<p><strong>Globeleq eyes Egypt energy investment:<\/strong> Africa-focused power producer Globeleq is looking to invest in electricity, renewable energy, green hydrogen and green ammonia projects in Egypt, the company\u2019s renewables chief told Electricity Minister Mohamed Shaker yesterday, according to <a href=\"https:\/\/gate.ahram.org.eg\/News\/3594624.aspx\">Ahram Gate<\/a>.<\/p>\n<p><strong>Globeleq set foot in Egypt last year:<\/strong> The UK-based company entered the Egyptian renewables space last year when it <a href=\"https:\/\/www.globeleq.com\/blog\/globeleq-acquires-egyptian-solar-plant\/\">acquired a 66-MW Benban solar plant<\/a> from a consortium of Italian and Saudi companies.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>GlobalCorp<\/strong> is investing EGP 150 mn into a new consumer finance platform dubbed <strong>Ollin<\/strong>, that will operate as a one stop shop allowing users to obtain auto loans, mortgages, education loans and more. The NBFS player <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/28f14adc-579c-484d-a5d7-8e9a79802350\">was acquired<\/a> by the European Bank of Reconstruction and Development (EBRD), SPE Capital, and Amethis earlier this year. (<a href=\"https:\/\/ent.news\/2022\/7\/GlobalCorp-launches-Ollin_04072022_V2_Clean.pdf\">Statement<\/a><a href=\"https:\/\/ent.news\/2022\/7\/GlobalCorp-launches-Ollin_04072022_V2_Clean.pdf\">, pdf<\/a>)<\/li>\n<li><strong>Abu Dhabi Islamic Bank Egypt (ADIB)<\/strong> has increased the capital of its consumer finance unit by EGP 68.6 mn to EGP 98 mn. (<a href=\"https:\/\/ent.news\/2022\/7\/ADIB-EGX-filing.pdf\">EGX filing, (pdf)<\/a> <\/li>\n<li>The <strong>National Authority for Tunnels<\/strong> and <strong>RATP Dev Mobility Cairo<\/strong> are considering legal action against design studio <strong><a href=\"https:\/\/walisstudio.com\/heliopolis-station-branding\">Wali\u2019s Studio<\/a><\/strong> for allegedly plagiarizing the designs of a Russian artist on the walls of a Cairo Metro Line 3 station. (<a href=\"https:\/\/tinyurl.com\/r2fjvf69\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Globeleq eyes Egypt energy investment: Africa-focused power producer Globeleq is looking to invest in electricity, renewable energy, green hydrogen and green ammonia projects in Egypt, the company\u2019s renewables chief told Electricity Minister Mohamed Shaker yesterday, according to Ahram Gate. Globeleq set foot in Egypt last year: The UK-based company entered the Egyptian renewables space last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7209],"tags":[469,111,514,93,72,1832,2136,125,595,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547822","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-abu-dhabi-islamic-bank","tag-also-on-our-radar","tag-consumer-finance","tag-energy","tag-enterpriseam","tag-globalcorp","tag-globeleq","tag-investment-watch","tag-non-banking-financial-services","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"5042b931-21b7-4a1b-b417-259db013127b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[547808],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Globeleq is interested in investing in Egypt\u2019s renewables, clean energy projects - 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\/07\/07\/globeleq-is-interested-in-investing-in-egypts-renewables-clean-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Globeleq is interested in investing in Egypt\u2019s renewables, clean energy projects\" \/>\n<meta property=\"og:description\" content=\"Globeleq eyes Egypt energy investment: Africa-focused power producer Globeleq is looking to invest in electricity, renewable energy, green hydrogen and green ammonia projects in Egypt, the company\u2019s renewables chief told Electricity Minister Mohamed Shaker yesterday, according to Ahram Gate. 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The MoUs with Greece \u2014 signed by Electricity Minister Mohamed Shaker on Thursday during a\u2026","rel":"","context":"In &quot;Energy&quot;","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":556222,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/","url_meta":{"origin":547822,"position":2},"title":"SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant","author":"enterpriseam admin","date":"17 October 2021","format":false,"excerpt":"SFE, Fertiglobe, Scatec agree on green hydrogen plant: Norway\u2019s Scatec is set to build a 50-100 MW green hydrogen project in Ain Sokhna, in partnership with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt (SFE), according to a Cabinet statement. The new plant will be used as\u2026","rel":"","context":"In &quot;Green economy&quot;","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546974,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/05\/lekela-could-be-about-to-get-egyptian-emirati-owners\/","url_meta":{"origin":547822,"position":3},"title":"Lekela could be about to get Egyptian + Emirati owners","author":"enterpriseam admin","date":"5 June 2022","format":false,"excerpt":"Infinity + Masdar to take majority stake in Lekela? Renewable energy player Infinity and Emirati firm Masdar are close to acquiring Actis\u2019 majority stake in Lekela Power in a transaction that could be worth almost USD 1 bn, Reuters reports, citing three sources it says are familiar with the matter.\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/133.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548926,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/seven-companies-ink-green-energy-mous\/","url_meta":{"origin":547822,"position":4},"title":"Seven companies ink green energy MoUs","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"Lots more green energy investment: Seven international companies have signed early agreements to build facilities that will produce mns of tons of green fuel in the Ain Sokhna Industrial Zone, cabinet said in a statement on Thursday. The plants will have a combined annual capacity of around 5.5 mn tons,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/412.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634600,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/uk-business-delegation-in-egypt-to-discuss-potential-investment\/","url_meta":{"origin":547822,"position":5},"title":"UK business delegation in Egypt to discuss potential investment","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"A delegation from the UK\u2019s CDC Group and subsidiary Globeleq discussed potential investments with a number of state officials in Cairo yesterday, including the ministers of transport and electricity, as well as Suez Canal Authority head Mohab Mamish. UK ambassador John Cassin, who attended the meeting, said that 2018 would\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547822"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547822\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547808"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547822"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547822"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}