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Energy Finance & Investment News in Egypt

IPPToday #250: Consortium agrees to develop largest renewable project in Egypt

IPPToday #250: Consortium agrees to develop largest renewable project in Egypt

🕔Jul 20, 2018

ENGIEToyota Tsusho Corporation/Eurus Energy Holdings Corporation and Orascom Construction have jointly signed an agreement to commence development work on a new 500 MW wind farm in Ras Ghareb, Egypt.

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IPPToday #139: Masdar, Elsewedy Electric and Marubeni to develop 800 MW wind project in Egypt

IPPToday #139: Masdar, Elsewedy Electric and Marubeni to develop 800 MW wind project in Egypt

🕔Jan 23, 2018

Abu Dhabi-based Masdar, Egyptian energy technology developer Elsewedy Electric and Marubeni Corporation have signed an agreement to develop an 800 MW wind project in Egypt. The estimated investment required has not been disclosed.

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ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

ACWA Power achieves financial close for 165.5 MWp of solar in Egypt

🕔Jan 16, 2018

ACWA Power has reached financial close of the three solar photovoltaic projects, located in the south of Egypt, with an aggregate capacity of 165.5MWp. The total cost of the projects is US$190 million.

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IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

IPPToday #124: $400 million 250 MW wind project in Egypt reaches financial close

🕔Dec 27, 2017

The consortium proposing to build a 250 MW wind farm in Ras Ghareb, Egypt have achieved financial close for the project. The estimated value of the wind farm is US$400 million.

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IPPToday #115: Tender for 600 MW solar projects released in Egypt

IPPToday #115: Tender for 600 MW solar projects released in Egypt

🕔Dec 13, 2017

Egypt's Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company (EETC) have released a tender for 600 MW of solar photovoltaic (PV) capacity.

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EREN, Access announce fin close on 126 MWp in Egypt

EREN, Access announce fin close on 126 MWp in Egypt

🕔Nov 9, 2017

EREN Renewable Energy (EREN RE) and Access Power have announced the successful financial close of two solar PV plants with a total capacity of 126 MWp located in the Benban complex marking their official entry into the Egyptian renewable market.

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EBRD, GCF and FMO support 80 MW of Infinity solar projects in Egypt

EBRD, GCF and FMO support 80 MW of Infinity solar projects in Egypt

🕔Oct 30, 2017

The EBRD, the Green Climate Fund (GCF) and the Dutch Development Bank (FMO) are supporting the expansion of renewable energy in Egypt with a US$ 87 million syndicated loan to Infinity Solar Energy SAE for 80 MW solar facilities located at the Benban complex.

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IPPToday #88: Scatec Solar closes financing for 400 MW in Egypt

IPPToday #88: Scatec Solar closes financing for 400 MW in Egypt

🕔Oct 30, 2017

Scatec Solar ASA (SSO) and partners have achieved financial close for six solar PV power plants in Egypt totaling 400 MW. A consortium of international Development Finance Institutions is providing a non-recourse project finance of US$335 million, which accounts for 75% of the capex. 

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ICBC and EBRD back Acwa’s Egypt solar FIT II

ICBC and EBRD back Acwa’s Egypt solar FIT II

🕔Oct 27, 2017

Under the EBRD’s US$ 500 million framework for renewable energy in Egypt, the bank is providing a financing package of US$ 73 million for the construction and operation of three solar photovoltaic power plants in Egypt totaling 120 MW.

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Acciona signs PPAs for 150 MW of solar in Egypt

Acciona signs PPAs for 150 MW of solar in Egypt

🕔Oct 24, 2017

Acciona has announced it has signed power purchase agreements under a period of 25 years, for the development of the 150 MW of solar projects in Egypt. The project is part of Round 2 of the country's feed-in tariff programme.

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Japan's JICA provides financing for 20 MW solar plant in Egypt

Japan's JICA provides financing for 20 MW solar plant in Egypt

🕔Oct 19, 2017

The Japanese International Cooperation Agency (JICA) has approved a US$60 million financing package for the development of  a solar power plant in Egypt.

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EBRD and IDC to finance 50 MW solar project in Aswan, Egypt

EBRD and IDC to finance 50 MW solar project in Aswan, Egypt

🕔Oct 4, 2017

Alfanar Company, a Saudi based electrical power company has announced the signing of facility agreement for US$57 million with the European Bank for Reconstruction and Development (EBRD) and Islamic Corporation for the Development of the Private Sector (ICD).

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AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt

AfDB approves US $55-million (including US$ 7 million from GEF) loan for three Solar PV Projects in Egypt

🕔Sep 13, 2017

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AIIB supports renewable energy development in Egypt

AIIB supports renewable energy development in Egypt

🕔Sep 7, 2017

The Asian Infrastructure Investment Bank (AIIB) has announced up to US$210 million in debt financing for the development of 11 solar power projects to tap Egypt’s renewable energy potential.

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IPPToday #51: Egypt launches tenders for 250 MW solar park in Gulf of Suez

IPPToday #51: Egypt launches tenders for 250 MW solar park in Gulf of Suez

🕔Sep 5, 2017

Egypt's New and Renewable Energy Authority (NREA) has launched a tender for the development of a 250MW solar plant in the Gulf of Suez.

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EBRD, Proparco to finance two 50-MW solar projects under Egypt's round 2 FiT

EBRD, Proparco to finance two 50-MW solar projects under Egypt's round 2 FiT

🕔Aug 25, 2017

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies.

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IPPToday #26: IFC invests in World’s largest solar PV park in Egypt

IPPToday #26: IFC invests in World’s largest solar PV park in Egypt

🕔Jul 28, 2017

The International Finance Corporation IFC, a member of the World Bank Group. has approved an investment of US$635 million that will help construct, operate and maintain up to 11 solar power plants in Egypt.

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EBRD agrees US$500m loan for solar projects in Egypt

EBRD agrees US$500m loan for solar projects in Egypt

🕔Jun 13, 2017

The European Bank for Reconstruction and Development (EBRD) has approved a US$500 million framework to finance renewable energy in Egypt.

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Scatec Solar and partners sign PPAs for 400 MW in Egypt

Scatec Solar and partners sign PPAs for 400 MW in Egypt

🕔Apr 25, 2017

Scatec Solar and partners have signed 25-year Power Purchase Agreements for delivery of electricity from six solar plants totaling 400 MW with the Government of Egypt.

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Egypt gets EIB loan for Gulf of Suez wind project

Egypt gets EIB loan for Gulf of Suez wind project

🕔Mar 30, 2017

The EIB and the Arab Republic of Egypt signed a loan agreement of €115 million (US$124 million) for financing a windfarm in the Gulf of Suez to further expand energy generation from renewable resources.

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