The new Kom Ombo plant will be located less than 20 km from Africa’s biggest solar park, the 1.8 GW Benban complex. The European Bank for Reconstruction and Development(link is external) (EBRD), the OPEC Fund for International Development(link is external) (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund(link is external) (GCF) […]
EGYPT: Green economy at the centre of EBRD President’s visit to Cario
The President of the European Bank for Reconstruction and Development (EBRD) starts a visit to Cairo, Egypt on Wednesday April 21st, 2021. Odile Renaud-Basso’s visit aims at strengthening cooperation between Egypt and the EBRD. The Bank is one of Egypt’s main nancial partners in its sustainable development policy.Between 2012 and 2021, the European Bank for […]
EGYPT: Towards increased EBRD support for the green and sustainable economy
The Egyptian government is negotiating with the European Bank for Reconstruction and Development (EBRD) to expand the financial institution’s support for the green economy and sustainable development in Egypt. The European Bank for Reconstruction and Development (EBRD) is one of Egypt’s largest financial partners. Cairo wants to rely more on the EBRD to implement its […]
Kom Ombo Solar power plant construction in Egypt to begin in Q3 2021
ACWA Power, a leading Saudi developer, investor, and operator of power generation and desalinated water plants has announced that the construction of the Kom Ombo Solar power plant will officially begin in the third quarter of the year 2021. The announcement was made after the finalization of the virtual signing of a 25-year Power Purchase […]
EBRD set to invest more than €2bn in Mena region in 2021
Multilateral lender is a ‘demand-driven institution and we have an appetite to grow’, managing director says. The European Bank for Reconstruction and Development plans to invest at least €2.1 billion ($2.5bn) in the Mena region this year, mostly in the renewable energy and technology sectors. The London-based lender has invested in a number of countries […]
EBRD, DEG & GEF Lend US$31.2 Million Loan to Yellow Door for development of Solar Projects in Jordan
EBRD, DEG & GEF Lend US$31.2 Million Loan to Yellow Door for development of Solar Projects in Jordan EBRD, DEG and GEF lend Yellow Door Energy a total of US$ 31.2 million senior secured loans for the development, construction and operation of eight solar plants in Jordan The portfolio with a total capacity of 48.3MW […]
EBRD to finance corporate PPA-backed solar project in Egypt
EBRD to finance corporate PPA-backed solar project in Egypt..Read More.. Source : renewablesnow
EBRD and EU help SolarizEgypt promote rooftop solar panels in Egypt
“Blanketing the golden deserts of Egypt with solar panels and unlocking their massive energy potential,” was the dream of Yaseen Abdel Ghaffar, Managing Director of SolarizEgypt, a company that successfully implemented the first rooftop photovoltaic (PV) system through a private-to-private power purchase agreement (PPA) in the country. With the help of the EBRD’s Green Economy […]
EBRD, GCF & CIFs Funding Solar Plant in Kazakhstan
The European Bank for Reconstruction and Development is organising a new financing for the construction of a 76MWp solar plant in the Karaganda region of Kazakhstan, a leader in the development of renewable energy in Central Asia, with a total installed solar capacity of 216MWp. The USD 42.6 million package provided to the well-established German […]
Kom Ombo solar PV power plant in Egypt to receive financial support from EBRD
Kom Ombo solar PV plant developer, Acwa Power, is set to receive US$ 54M worth of financial support from the European Bank for Reconstruction and Development (EBRD). The funds, which will be approved by the end of this month, will be used for the development of the 200 MWp clean energy project in Aswan Governorate, […]