{"id":642637,"date":"2017-08-20T03:57:22","date_gmt":"2017-08-20T03:57:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/ebrd-gcf-earmark-usd-1-bn-for-renewable-energy-fund-in-egypt\/"},"modified":"2017-08-20T03:57:22","modified_gmt":"2017-08-20T03:57:22","slug":"ebrd-gcf-earmark-usd-1-bn-for-renewable-energy-fund-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/20\/ebrd-gcf-earmark-usd-1-bn-for-renewable-energy-fund-in-egypt\/","title":{"rendered":"EBRD, GCF earmark USD 1 bn for renewable energy fund in Egypt"},"content":{"rendered":"

<\/a> EBRD, GCF earmark USD 1 bn for renewable energy fund in Egypt: <\/strong>The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are earmarking USD 1 bn to invest in renewable energy projects in Egypt, EBRD said in a statement<\/a>. The EBRD is providing USD 352.3 mn while GCF is making a contribution of USD 154.7 mn and other sponsors co-financiers will bring the total investment to up to USD 1 bn. The EBRD says \u201cthe financing will allow independent power producers to invest in the first wave of private renewable energy production in Egypt.\u201d<\/p>\n

\u2026In related commentary, Andrew Roscoe writes in MEED<\/a> that Egypt \u201cgets it right\u201d with <\/strong>the second round of the feed-in-tariff agreement and has ironed out the issues from the first round<\/strong>. In the first round, after 40 bidders were prequalified, only nine signed power purchase agreements, with just three of them reaching financial close. \u201cThe impressive progress under second round is testament to Cairo having learned from the first round, and allaying fears of potential investors.<\/strong> The fact that more projects are likely to proceed in the latest round despite tariffs being reduced by more than 40 per cent from round one, shows increased confidence in Egypt to deliver on promises,\u201d Roscoe adds.<\/p>\n","protected":false},"excerpt":{"rendered":"

EBRD, GCF earmark USD 1 bn for renewable energy fund in Egypt: The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are earmarking USD 1 bn to invest in renewable energy projects in Egypt, EBRD said in a statement. The EBRD is providing USD 352.3 mn while GCF is making […]<\/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-642637","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"406a9724-fbcd-42a3-a4f6-4add49543425","order":"0","is_powered_by":true,"section_story_id":"16ec267d-41b7-41b4-87ba-409188d26b0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642626],"teaser":"","voice_url":""},"yoast_head":"\nEBRD, GCF earmark USD 1 bn for renewable energy fund 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\/08\/20\/ebrd-gcf-earmark-usd-1-bn-for-renewable-energy-fund-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 earmark USD 1 bn for renewable energy fund in Egypt\" \/>\n<meta property=\"og:description\" content=\"EBRD, GCF earmark USD 1 bn for renewable energy fund in Egypt: The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) are earmarking USD 1 bn to invest in renewable energy projects in Egypt, EBRD said in a statement. 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The two\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":557234,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/nbk-egypt-to-receive-usd-25-mn-from-ebrd-to-fund-green-energy-projects\/","url_meta":{"origin":642637,"position":1},"title":"NBK Egypt to receive USD 25 mn from EBRD to fund green energy projects","author":"enterpriseam admin","date":"12 September 2021","format":false,"excerpt":"The National Bank of Kuwait in Egypt (NBKE) is set to receive a USD 25 mn loan to fund green energy projects from the European Bank for Reconstruction and Development (EBRD), the bank announced in a statement. The funds will be lent on to Egyptian SMEs and individual households to\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562909,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/10\/ebrd-plans-for-more-green-loans-to-egypt\/","url_meta":{"origin":642637,"position":2},"title":"EBRD plans for more green loans to Egypt","author":"enterpriseam admin","date":"10 June 2021","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) is set to lend QNB Al Ahli USD 50 mn to on-lend to green and renewable energy projects, pending approval on 14 July, according to the bank\u2019s website. The loan \u2014 USD 7.5 mn of which will be financed by the Green\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558567,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/yet-more-green-finance-from-europe\/","url_meta":{"origin":642637,"position":3},"title":"Yet more green finance from Europe","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"QNB Al Ahli lands a USD 50 mn loan for green projects: The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF), and the European Union (EU) will loan QNB Al Ahli USD 50 mn to on-lend to Egypt-based green projects and individual households, EBRD said yesterday\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/186.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558505,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/green-sme-projects-to-get-more-help-from-ebrd\/","url_meta":{"origin":642637,"position":4},"title":"Green SME projects to get more help from EBRD","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"AUB Egypt could get USD 22 mn for green projects, SMEs: Ahli United Bank Egypt may receive up to USD 22 mn from the European Bank for Reconstruction and Development (EBRD) and the Global Climate Fund (GCF) for on-lending to Egyptian SMEs working on green projects, according to the EBRD\u2019s\u2026","rel":"","context":"In "SMEs"","block_context":{"text":"SMEs","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/smes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/161.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579284,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/01\/ebrd-and-partners-fund-more-green-finance-for-smes-ebrd-bii-lend-usd-100-mn-to-bdc\/","url_meta":{"origin":642637,"position":5},"title":"EBRD and partners fund more green finance for SMEs + EBRD, BII lend USD 100 mn to BdC","author":"enterpriseam admin","date":"1 February 2023","format":false,"excerpt":"DFIs to fund more green projects + privatization candidate BdC gets funding: More funding for green projects will be available to local SMEs courtesy of the European Bank for Reconstruction and Development (EBRD), the EU, and the Green Climate Fund. 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