The European Bank for Reconstruction and Development (EBRD) has released a tranche for TAQA's 7 MW solar photovoltaic (PV) project in El Minya, Egypt with US$5.5 million financing.
The funding consists of a US$4.95 million loan from the EBRD and a US$550,000 concessional loan from the Global Environment Facility (GEF). Under a 25-year power purchase agreement, the project will sell all of its electricity to ASCOM Carbonate and Chemical Manufacturing (ACCM).
Country updates
-
-
November 09, 2022
MoU signed for 10 GW Onshore wind project in Egypt
Masdar, along with Infinity Power and Hassan Allam Utilities, have signed a memorandum of understanding (MoU) to develop a 10 GW onshore wind project in Egypt.
Read more -
November 07, 2022
Suez Cement secures 45 GWh solar power from Intro Power
Suez Cement Group of Heidelberg Materials has signed an electricity generation deal with Intro Power and Utilities for the purpose of developing a 20 MW solar photovoltaic (PV) project at the Suez Cem...
Read more -
November 03, 2022
ACWA Power signs MoU for 10 GW Egyptian wind project
ACWA Power and the Egyptian New and Renewable Energy Authority have signed a memorandum of understanding (MoU) for the construction of a 10 GW wind power complex in the country. The agreement was sig...
Read more -
October 18, 2022
TAQA Arabia starts commercial operation of 20 MW solar PV project in Sharm El-Sheikh
TAQA Arabia has started the commercial operation of the 20 MW solar photovoltaic project located in Sharm El-Sheikh in the South Sinai governorate, Egypt. The solar farm is installed on about 2...
Read more -
September 27, 2022
Empower, Multiconsult form partnership for African solar projects
Empower New Energy and Multiconsult have formed a partnership to expedite the development of renewable energy projects in Africa through the support of the African Development Bank's Sustainable Energ...
Read more
