{"id":639214,"date":"2017-10-24T03:47:44","date_gmt":"2017-10-24T03:47:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt\/"},"modified":"2017-10-24T03:47:44","modified_gmt":"2017-10-24T03:47:44","slug":"ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt\/","title":{"rendered":"EBRD, GCF, FMO extend USD 87 mn loan to solar power projects in Egypt"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>And speaking of investment in solar power:<\/strong> The EBRD has partnered with Green Climate Fund (GCF) and Dutch Development Bank FMO to extend a USD 87 mn syndicated facility to Egypt\u2019s Infinity Solar and Germany\u2019s IB Vogt GmbH to fund two solar power plants, <a href=\"http:\/\/www.ebrd.com\/news\/2017\/ebrd-and-partners-sign-new-solar-power-investment-in-egypt.html\">a press release says<\/a>. The two plants will add a combined 80 MW to the 1.8 GW solar power complex in Benban in Upper Egypt. The EBRD will provide USD 44 mn from its own accounts and USD 14 mn through the GCF, with the FMO contributing USD 29 mn. EBRD is funding 16 other solar power projects under its USD 500 mn renewable energy framework for Egypt. EBRD became the largest investor in Egypt\u2019s renewable energy sector after it approved a USD 73 mn financing package for another three solar power plants in Benban <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/19\/egypt-getting-usd-1-8-bn-in-solar-power-investment\/\">last week<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>And speaking of investment in solar power: The EBRD has partnered with Green Climate Fund (GCF) and Dutch Development Bank FMO to extend a USD 87 mn syndicated facility to Egypt\u2019s Infinity Solar and Germany\u2019s IB Vogt GmbH to fund two solar power plants, a press release says. The two plants will add a combined [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639214","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"da4139c4-d7db-4476-b78d-4f3fafd51ed1","order":"0","is_powered_by":true,"section_story_id":"d37494f4-ba05-4af0-b540-43094423d998","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639204],"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>EBRD, GCF, FMO extend USD 87 mn loan to solar power projects in Egypt - 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\/2017\/10\/24\/ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD, GCF, FMO extend USD 87 mn loan to solar power projects in Egypt\" \/>\n<meta property=\"og:description\" content=\"And speaking of investment in solar power: The EBRD has partnered with Green Climate Fund (GCF) and Dutch Development Bank FMO to extend a USD 87 mn syndicated facility to Egypt\u2019s Infinity Solar and Germany\u2019s IB Vogt GmbH to fund two solar power plants, a press release says. 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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":600421,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/first-of-egypts-ebrd-financed-solar-plants-goes-live-in-benban\/","url_meta":{"origin":639214,"position":1},"title":"First of Egypt\u2019s EBRD-financed solar plants goes live in Benban","author":"enterpriseam admin","date":"29 January 2019","format":false,"excerpt":"Infinity Solar\u2019s 30 MW solar power plant, the first of 16 solar plants financed by the European Bank for Reconstruction and Development (EBRD) in Aswan\u2019s Benban solar park, has been completed and connected to Egypt\u2019s national electricity grid, EBRD said on Monday. The plant was co-financed by the Dutch Development\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":546122,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/scatec-to-issue-green-bonds-worth-usd-335-mn\/","url_meta":{"origin":639214,"position":2},"title":"Scatec to issue green bonds worth USD 335 mn","author":"enterpriseam admin","date":"28 April 2022","format":false,"excerpt":"Norway\u2019s Scatec will issue USD 335 mn worth of green bonds to refinance its six solar plants in Benban, according to two separate cabinet statements (here and here). An agreement was signed to allow Scatec to go ahead with the plan during a meeting between Prime Minister Mostafa Madbouly, Scatec\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/393.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":642774,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/ebrd-frances-proparco-offer-usd-116-mn-to-finance-benban-power-plants\/","url_meta":{"origin":639214,"position":3},"title":"EBRD, France\u2019s Proparco offer USD 116 mn to finance Benban power plants","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"God bless the DFIs \u2014 EBRD, Proparco offer USD 116 mn to finance Benban power plants: The European Bank for Reconstruction and Development and France\u2019s Proparco are each committing USD 58 mn to finance the construction and operation of two 50 MW solar power plants in Benban, according to an\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":639023,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/egypt-getting-usd-1-8-bn-in-solar-power-investment\/","url_meta":{"origin":639214,"position":4},"title":"Egypt getting USD 1.8 bn in solar power investment","author":"enterpriseam admin","date":"19 October 2017","format":false,"excerpt":"EBRD approves funding for three remaining solar power plants under USD 500 mn framework: The European Bank for Reconstruction and Development (EBRD) approved financing for three solar power plants in Egypt under its USD 500 mn renewable energy framework, a statement said yesterday (pdf). This brings the total number of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/10\/129.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546160,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/ebrd-buys-into-scatecs-green-bond-issuance\/","url_meta":{"origin":639214,"position":5},"title":"EBRD buys into Scatec\u2019s green bond issuance","author":"enterpriseam admin","date":"5 May 2022","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has confirmed that it is snapping up to USD 100 mn worth of Scatec\u2019s USD 334.5 mn green bond issuance to refinance its six solar plants in Benban. 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