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 Cement Factory in Egypt, with anticipated investments of EGP350m (US$14.4 million).
The project will generate 45 GWh of renewable electricity, which will reduce about 22,000 tons of CO2 emissions yearly or 440,000 tons over 20 years. The solar farm will account for approximately 20% of the plant's total electricity usage.
The project is anticipated to be connected to the grid in Q2 of 2023. It will also provide green power to the Suez plant until 2043.
Country updates
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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...
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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...
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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...
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September 08, 2022
Actis, Egyptian Government sign MoU for green hydrogen project
Actis has signed a memorandum of understanding (MoU) for a green hydrogen project with the Egyptian government. The MOU will grant Actis access to what might be one of the region's major hydrogen mark...
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August 31, 2022
Globeleq, partners sign MoU for 3.6 GW green hydrogen project in Suez
Globeleq has signed a Memorandum of Understanding (MoU) with the New and Renewable Energy Authority (NREA), the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt for...
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