Egypt inks 250 MW wind contract with Orascom Construction, Engie and Toyota.

Egypt inks 250 MW wind contract with Orascom Construction, Engie and Toyota.

The Egyptian Electricity Transmission Company (EETC) signed an agreement with a consortium comprising Orascom Construction, Engie, and Toyota Tsusho Corporation to build a $400 million wind farm in the Gulf of Suez’s Gabal El-Zeit, according to a Cabinet statement. The agreement is under a build-own-operate framework to generate wind power at a capacity of 250 […]

Ras Ghareb wind farm in Egypt reaches financial close.

Ras Ghareb wind farm in Egypt reaches financial close.

The Ras Ghareb wind farm, located near the Gulf of Suez 20km south west of the Egyptian city of Ras Ghareb, has successfully reached financial close. Mott MacDonald is lenders’ technical advisor on the scheme and is now monitoring construction in an ongoing role. Comprising 125 G97-2.1MW Gamesa wind turbines, Ras Ghareb wind farm will […]

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

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. The two institutions have together provided US 116 million of financing for the construction […]

Egyptian renewable energy disinvestment over price and arbitration disagreements.

Egyptian renewable energy disinvestment over price and arbitration disagreements.

Italy’s Enel Green Power has exited the renewable energy market in Egypt and is seeking compensation for investments it has already injected, according to Al-Borsa newspaper. The move comes as international investors and the government disagree on the government’s insistence over domestic arbitration and pricing concerns due to lingering fears of further devaluation of the […]

Egypt irrigation Minister in Uganda to increase bilateral hydro projects.

Egypt irrigation Minister in Uganda to increase bilateral hydro projects.

Irrigation Minister Mohamed Abdel Aaty left Cairo for Uganda to attend the ministerial meetings held for the Nile Basin Initiative from 11 to 14 July, state-run newspaper Al-Ahram reported on Monday. The visit’s agenda includes an inspection tour of the bilateral projects implemented by Egypt and Uganda. Since 1999, Egypt has financed these projects with […]

TerniaEnergia to build 47 MW solar power plant in Egypt.

Italian energy company TerniaEnergia has secured an order worth approximately USD 19.2 million for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47 MW. The company acquired the order on behalf of “an Italian leading utility,” the renewables, energy efficiency and waste management firm announced in a statement […]

Acwa Power to invest $12bn in the Egyptian solar and wind over five years.

Acwa Power to invest $12bn in the Egyptian solar and wind over five years.

In September 2014, the government announced a new feed-in tariff for new and renewable energy. Out of 187 offers, 136 Egyptian and international companies qualified to implement solar or wind power energy production plants. The Ministry of Electricity and Renewable Energy has plans to establish solar and wind power plants with a capacity of 4,200MW […]

2 GW solar power capacity initiated in Egypt

2 GW solar power capacity initiated in Egypt

International companies are making swift progress on their plans to significantly boost renewable energy capacity addition in Egypt. An international consortium led by Terra Sola recently announced that it started construction of a 2 GW solar power project in Egypt. The project is expected to require a total investment of $3.5 billion. The consortium includes Terra Sola […]