IFC Invests $10 Mn in Globaltronics to Improve Energy Efficiency in Egypt

IFC is investing in a local Egyptian company to help it expand the installation of digital prepaid and smart electricity meters in homes across Egypt. IFC, a member of the World Bank Group, is investing up to USD 10 million in a local Egyptian company to help it expand the installation of digital prepaid and […]

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Scatec Solar Commissions 390 MW Benban Project in Egypt

Scatec Solar has grid-connected the last of the six 65 MW solar power plants in Egypt, marking the completion of the 390 MW Benban solar project in Egypt. Scatec Solar and partners have grid-connected the last of the six 65 MW solar power plants in Egypt. This marks the completion of the 390 MW Benban […]

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Siemens Gamesa to Develop 250 MW Wind Farm in Egypt

Siemens Gamesa will install 96 (SG 2.6-114) turbines through a turnkey EPC contract for the 250 MW West Bark wind energy project in Egypt Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned by the […]

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Top 5 Fastest-Growing Solar Markets in Africa

The year 2018 was exceptionally good for Africa and 5 African markets drove the continent’s solar energy market. Last Year Africa showed good progress in its solar market growth which was primarily driven by five countries: Egypt, South Africa, Kenya, Namibia, and Ghana. The continent’s solar assets experienced a growth of over 1.8 GW in new solar […]

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OPIC Approves $87 Mn in Funding For 250 MW Wind Project in Egypt

OPIC has approved $87 million in funding for a 250 MW wind project in Egypt to support economic growth through the development of power infrastructure. The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in […]

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Scatec Solar Brings First Part of 400 MW Solar Plant in Egypt Online

Norway-based Scatec Solar has announced that it has grid-connected and reached commercial operation for 65 MW of its 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project under construction, and the company is the largest contributor to the 1.5 GW Benban site – the world’s largest solar park. […]

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Seimens Gamesa & Senvion Interested in Building $1 BN Wind Farm in Egypt

The NREA is looking to procure close to 700 wind turbines for 8 wind power projects being developed in the country. In order to achieve 20% of the renewable power in its overall energy by 2022, Egypt is keen on allowing Arab and foreign investors to inject their capitals in the power market. These projects […]

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PPA For 250 MW Wind Farm Signed in Egypt

The project will produce more than 1000GWh a year, powering the equivalent of over 350,000 homes in Egypt. Lekela, the renewable power company that delivers utility-scale projects across Africa, has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for its 250MW wind farm project in the Gulf of Suez, near […]

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JinkoSolar and Schneider Electric Donate 55 KW Solar Plant in Egypt

Prior to completion of the project, the only electricity source of the village was three 30 kW diesel generators supplying the village with electricity. JinkoSolar announced its partnership with Schneider Electric to donate a 55 KW off-grid solar project in Abu Redis, South Sinai, Egypt. The remote village called ABU GHURAQD is located about 30 […]

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