Egyptian PV firm KarmSolar has signed a power purchase agreement (PPA) with two subsidiaries of major food exporter Dakahlia Group for two solar projects totalling 23.5MW in Egypt.
The European Bank for Reconstruction and Development (EBRD) is providing a US$28.5 million loan for a 50MW solar project in Egypt’s Aswan Province, which is being constructed by Saudi-based firm Alfanar Energy.
GE Power Conversion, a subsidiary of General Electric, has received a full turnkey contract from Fas Energy to develop a 50MW PV project for the Egyptian Electricity Transmission Company (EETC).
The European Bank for Reconstruction and Development (EBRD) and French financial company Proparco are set to help Egypt make major strides in the development of its renewable-energy sector.
Mondragon Assembly Solar, a division of Spain-based Mondragon Assembly Group has secured multiple new turnkey assembly and automated assembly equipment orders from Algeria, Egypt, and China in June.
Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.
Egyptian renewable energy provider Infinity Solar and Germany’s ib vogt and Solizer have reached financial close on a 64.1MW solar PV plant under round one of Egypt’s Feed-in Tariff (FiT) programme.
