{"id":627143,"date":"2018-07-24T04:22:23","date_gmt":"2018-07-24T04:22:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/hassan-allam-utilities-and-lightsource-bp-form-solar-energy-jv\/"},"modified":"2018-07-24T04:22:23","modified_gmt":"2018-07-24T04:22:23","slug":"hassan-allam-utilities-and-lightsource-bp-form-solar-energy-jv","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/hassan-allam-utilities-and-lightsource-bp-form-solar-energy-jv\/","title":{"rendered":"Hassan Allam Utilities and Lightsource BP form solar energy JV"},"content":{"rendered":"

<\/a> FIRST LOOK- Hassan Allam Utilities and Lightsource BP form solar energy JV: <\/strong>Hassan Allam Holding subsidiary Hassan Allam Utilities (HA Utilities)<\/a> will form a joint venture with global solar energy developer Lightsource BP that will fund, develop and operate solar energy projects in Egypt, the two parties said in a statement (pdf)<\/a> out this morning. \u201cWe are very excited to partner with Lightsource BP to further develop our business in Egypt,\u201d Hassan Allam Holdings Co-CEO Amr Allam said. \u201c[The JV] offers both steady income streams that smooth-out the traditionally cyclical revenues of our existing businesses coupled with high growth potential as demand for renewable energy in emerging markets leapfrogs that of developed economies,\u201d he added. \u201cOur business model will allow us to build sizeable renewable platforms by capitalizing on the strong relationships, financing capability and technical know-how of the two partners and of our management teams,\u201d HA Utilities CEO Menatalla Sadek noted.<\/p>\n

Lightsource BP sees EMs as more than a portfolio play, championing EM FDI:<\/strong> On a strategic level, Lightsource BP CEO and Founder Nick Boyle appreciates the importance of emerging markets, and Egypt specifically, as an opportunity to build long-term projects that play on macro fundamentals. \u201cProjects in emerging markets are not just yield plays, they\u2019re growth plays to power fast-growing economies and populations. We see exciting potential in Egypt following the country\u2019s economic recovery and recently announced renewable power targets,\u201d he says.<\/p>\n","protected":false},"excerpt":{"rendered":"

FIRST LOOK- Hassan Allam Utilities and Lightsource BP form solar energy JV: Hassan Allam Holding subsidiary Hassan Allam Utilities (HA Utilities) will form a joint venture with global solar energy developer Lightsource BP that will fund, develop and operate solar energy projects in Egypt, the two parties said in a statement (pdf) out this morning. […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627143","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ccfc96fd-3f07-41ec-abb6-a25ab8dbb2ff","order":"0","is_powered_by":true,"section_story_id":"4dbd866e-e97a-4c09-8c61-46170e29bc21","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627135],"teaser":"","voice_url":""},"yoast_head":"\nHassan Allam Utilities and Lightsource BP form solar energy JV - 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\/07\/24\/hassan-allam-utilities-and-lightsource-bp-form-solar-energy-jv\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hassan Allam Utilities and Lightsource BP form solar energy JV\" \/>\n<meta property=\"og:description\" content=\"FIRST LOOK- Hassan Allam Utilities and Lightsource BP form solar energy JV: Hassan Allam Holding subsidiary Hassan Allam Utilities (HA Utilities) will form a joint venture with global solar energy developer Lightsource BP that will fund, develop and operate solar energy projects in Egypt, the two parties said in a statement (pdf) out this morning. 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group Hassan Allam announced yesterday its plans to sell 44.3% of the company in an initial public offering that will include both ordinary shares on the\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":595285,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/22\/bp-solar-subsidiary-lightsource-plans-couple-of-100-mw-projects-for-egypt\/","url_meta":{"origin":627143,"position":2},"title":"BP solar subsidiary Lightsource plans couple of 100 MW projects for Egypt","author":"enterpriseam admin","date":"22 September 2019","format":false,"excerpt":"BP solar energy subsidiary Lightsource is planning \u201ca couple\u201d of 100 MW projects for Egypt as it eyes as much as USD 8 bn-worth of projects across the globe, the company\u2019s CEO Nick 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