egypt

The investment, which is contingent on approvals, would help the Mansour Group-owned developer roll-out solar, wind, distribution infrastructure and EV charging systems in Egypt and neighbouring states.

The fresh funding wraps up a summer of global expansion for the Norwegian firm, with utility-scale projects switched on in Ukraine, Egypt, Mozambique and Malaysia.

The Norwegian developer also switched on 65MW of new capacity in Egypt's giant Benban complex this week.

Complex near Aswan witnesses commissioning of 130MW duo by Elsewedy Electric and EDF plus 65MW latest bifacial batch by Scatec Solar and partners.

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.

Firm breaks ground on 148MW plant in former Soviet state, links second 65MW bifacial unit at Benban complex and signs deal for 33MW farm by river Niger.

EETC wants to progress Egypt's renewable energy programme through auction-based procurement, with advice from the IFC.

Developer links first 65MW of 400MW project at Benban complex, with panels supplied by LONGi and funded by development players keen on bifacial tech.

Development financier tells PV Tech why innovation makes sense in fiercely competitive PV region despite risks of untried technology.

Firms to each own half of 186MWp capacity (150MW rated) built with US$180 million investment at government-sponsored Benban complex.