{"id":599037,"date":"2019-06-17T04:00:33","date_gmt":"2019-06-17T04:00:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\/"},"modified":"2019-06-17T04:00:33","modified_gmt":"2019-06-17T04:00:33","slug":"elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\/","title":{"rendered":"Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn"},"content":{"rendered":"

<\/a> M&A WATCH- <\/b>Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: <\/b>Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece\u2019s R.F. Energy. All four assets are in Greece, Elsewedy said in a statement (pdf)<\/a> yesterday. The National Bank of Greece will fund up to 75% of the project via a ring-fenced project finance facility<\/a>. Elsewedy Electric confirmed in May that it had received a EUR 42 mn loan<\/a> from the NBG without stating what the funding would be used for. It is expected that the agreement will be completed by 28 June.<\/p>\n

The move will make Elsewedy one of the top producers of renewable energy in Greece<\/b>, CEO Ahmed Elsewedy said. The assets have a combined power generation capacity of 63.6 MW \u2014 enough to power 34k homes. They operate on fixed-tariff power-purchase agreements with 12-20 years left to run.<\/p>\n

Background:<\/b> The transaction, if completed, would mark Elsewedy\u2019s second independent power producer project in the EMEA region after its USD 75 mn investment<\/a> in a solar power facility in Benban. The company announced last year a partnership<\/a> with Abu Dhabi\u2019s Masdar and Japan\u2019s Marubeni to invest USD 900 mn in wind parks in Egypt. In April, Siemens Gamesa selected the Elsewedy-Marubeni consortium<\/a> to launch the first phase of a wind power project in Ras Ghareb.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece\u2019s R.F. Energy. All four assets are in Greece, Elsewedy said in a statement (pdf) yesterday. The National […]<\/p>\n","protected":false},"author":1,"featured_media":599038,"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":[8572],"tags":[152,72,381,150,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-elsewedy-electric","tag-enterpriseam","tag-greece","tag-renewable-energy","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3443bfd1-c160-453e-afbd-94ca2518520f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/181.jpg","photo_position":"above","related_issue":[599032],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn - 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\/2019\/06\/17\/elsewedy-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece\u2019s R.F. 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The long-term facility will be used to partially finance Elsewedy\u2019s acquisition of four Greek renewable energy companies.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637952,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/29\/elsewedy-clarifies-it-is-still-in-talks-with-nrea-over-gulf-of-suez-wind-farm\/","url_meta":{"origin":599037,"position":1},"title":"Elsewedy clarifies it is still in talks with NREA over Gulf of Suez wind farm","author":"enterpriseam admin","date":"29 November 2017","format":false,"excerpt":"Elsewedy Electric issued a clarification to the bourse yesterday explaining that it was still in talks with the New and Renewable Energy Authority over a wind farm project in the Gulf of Suez. The statement, which was issued in response to a query from the bourse, comes after sources claimed\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":598617,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/elsewedy-electric-agrees-to-eur-42-mn-loan-from-national-bank-of-greece\/","url_meta":{"origin":599037,"position":2},"title":"Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"Elsewedy Electric\u2019s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according to an EGX disclosure (pdf). No details were provided on what the loan will be used for.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622925,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/correction-9\/","url_meta":{"origin":599037,"position":3},"title":"Correction","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"CORRECTION- The New and Renewable Energy Authority reached out to us to correct a few details that Al Mal got wrong last weekwhen it reported that a consortium made-up of Elsewedy Electric and UAE\u2019s Masdar reached an agreement with the Electricity Ministry to build a wind farm in the Gulf\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":659084,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/nas-investments-makes-90-egyfert-acquisition-bid-official-with-mto-plus-heliopolis-housing-ja-solar-amea-power-healthy-elsewedy-electric-misr-petroleum-ezdehar-robbiki-leather-city\/","url_meta":{"origin":599037,"position":4},"title":"Nas Investments makes 90% EgyFert acquisition bid official with MTO. PLUS: Heliopolis Housing, JA Solar + AMEA Power, Healthy, Elsewedy Electric, Misr Petroleum, Ezdehar, Robbiki Leather City","author":"enterpriseam admin","date":"21 January 2025","format":false,"excerpt":"M&A- UAE-based Nas Investments Holding submitted a mandatory tender offer to acquire an additional 57.5% stake in EGX-listed fertilizers player EgyFert, according to a statement (pdf). The move would bring Nas\u2019 total holding in the company to 90% through the acquisition of an additional 5.5 mn shares. If Nas hits\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\/2025\/1\/645.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641127,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/elsewedy-signs-eur-44-mn-meter-supply-contract-in-togo\/","url_meta":{"origin":599037,"position":5},"title":"Elsewedy signs EUR 44 mn meter supply contract in Togo","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"Elsewedy signs EUR 44 mn meter supply contract in Togo: Elsewedy Electric announced that subsidiary Elsewedy Power has signed a EUR 44 mn contract with Compagnie Energie Electrique du Togo to supply it with 300k prepaid meters, according to a bourse disclosure. The contract is to be implemented over a\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599037","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=599037"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/599037\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/599032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/599038"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=599037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=599037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=599037"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=599037"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=599037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}