{"id":621969,"date":"2018-11-22T04:22:21","date_gmt":"2018-11-22T04:22:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/finance-in-motion-to-invest-usd-20-bn-in-benban-through-green-for-growth-fund\/"},"modified":"2018-11-22T04:22:21","modified_gmt":"2018-11-22T04:22:21","slug":"finance-in-motion-to-invest-usd-20-bn-in-benban-through-green-for-growth-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/finance-in-motion-to-invest-usd-20-bn-in-benban-through-green-for-growth-fund\/","title":{"rendered":"Finance in Motion to invest USD 20 bn in Benban through Green for Growth Fund"},"content":{"rendered":"<p>Germany-based impact investor Finance in Motion is planning to invest USD 20 mn in a renewable energy project in the Benban solar complex through its <a href=\"https:\/\/www.finance-in-motion.com\/funds\/green-for-growth-fund\/\">Green for Growth Fund<\/a>, company senior investment and risk executive for the MENA region Mohamed Morsy said, <a href=\"https:\/\/almalnews.com\/Story\/399440\/59\/-%D8%A7%D9%84%D8%B5%D9%86%D8%AF%D9%88%D9%82-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D9%8A%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-20-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%89-%C2%AB%D9%85%D8%AC%D9%85%D8%B9-%D8%A8%D9%86%D8%A8%D8%A7%D9%86-%C2%BB\">according to Al Mal<\/a>. The new financing will bring the fund\u2019s total investments in Egypt to USD 97 mn. The fund\u2019s managers are also studying a further USD 25-50 mn financing package for unnamed banks and leasing companies in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany-based impact investor Finance in Motion is planning to invest USD 20 mn in a renewable energy project in the Benban solar complex through its Green for Growth Fund, company senior investment and risk executive for the MENA region Mohamed Morsy said, according to Al Mal. The new financing will bring the fund\u2019s total investments [&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":[7207],"tags":[93,72,545,125,150],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621969","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-finance-in-motion","tag-investment-watch","tag-renewable-energy","wpautop","entry"],"acf":{"mongo_id":"37752411-a314-4a38-9489-e9f7e0792a63","order":"0","is_powered_by":true,"section_story_id":"59802254-91e4-47b6-aaf0-09f47aa66acf","story_type":"1","photo_url":"","photo_position":"above","related_issue":[621939],"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>Finance in Motion to invest USD 20 bn in Benban through Green for Growth Fund - 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\/2018\/11\/22\/finance-in-motion-to-invest-usd-20-bn-in-benban-through-green-for-growth-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance in Motion to invest USD 20 bn in Benban through Green for Growth Fund\" \/>\n<meta property=\"og:description\" content=\"Germany-based impact investor Finance in Motion is planning to invest USD 20 mn in a renewable energy project in the Benban solar complex through its Green for Growth Fund, company senior investment and risk executive for the MENA region Mohamed Morsy said, according to Al Mal. 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Morsy did not disclose details on where the investments will be allocated but said\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/223.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542940,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/ebrd-writes-usd-100-mn-check-for-scatecs-green-bond\/","url_meta":{"origin":621969,"position":3},"title":"EBRD writes USD 100 mn check for Scatec\u2019s green bond","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a third of Scatec Solar\u2019s upcoming green bond issuance, which will use the proceeds to support its solar plants in Benban, according to the bank\u2019s website. The lender will contribute USD\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\/2022\/1\/323.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639384,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/ifc-channels-usd-653-mn-loan-to-benban-solar-complex\/","url_meta":{"origin":621969,"position":4},"title":"IFC channels USD 653 mn loan to Benban solar complex","author":"enterpriseam admin","date":"29 October 2017","format":false,"excerpt":"The International Finance Corporation (IFC) will announce today a USD 653 mn debt package to finance the development of 13 solar power plants part of the feed-in tariff program in Benban, the IFC said in a statement this morning (pdf). 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