ACWA Power Secures $703M for Egyptian Wind Power Plant
Wedoany.com Report-Jan 2,ACWA Power has secured SR2.63 billion ($703 million) in financing to develop, operate, and maintain a 1,100-megawatt wind power plant in Egypt’s Suez governorate. In a s...
SCZONE Secures $64B in Green Hydrogen Investments With 12 Framework Agreements for 18M Tons Annual Production
Wedoany.com Report-Dec 25,The Suez Canal Economic Zone (SCZONE) has attracted $64bn in green hydrogen investments through 12 framework agreements, according to SCZONE Chairperson Waleid Gamal El-Din. ...
EBRD Supports the Largest Onshore Wind Project in Africa
Wedoany.com Report-Dec 25,The European Bank for Reconstruction and Development (EBRD) is promoting renewable energy and low?carbon technologies in Egypt by arranging a syndicated loan worth US$ 275 mi...
Egypt’s Abu Qir Fertilizers Signs Deals for Green Hydrogen, Automation
Wedoany.com Report-Dec 17,Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has overseen the signing of three strategic agreements aimed at enhancing the sustainability and effi...
Amea Power Commissions 500 MW Solar Plant in Egypt
Wedoany.com Report-Dec 17,Amea Power has held an inauguration ceremony for a 500 MW solar installation in southern Egypt. The project, completed in 18 months, is the largest of its kind in the country...
Egypt’s Cabinet Approves Oil, Natural Gas Exploration Agreements in Key Concessions
Wedoany.com Report-Dec 16,The Cabinet has approved two draft petroleum commitment agreements involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC...
Dana Gas Receives $20 Million in Payment From Egypt
Wedoany.com Report-Dec 16, Dana Gas, one of the largest private natural gas companies in the Middle East, received a $20 million payment from the Egyptian government, taking the total payments receive...
ExxonMobil to Drill Offshore in Egypt’s Western Mediterranean
Wedoany.com Report-Dec 13,ExxonMobil will begin drilling a new offshore gas exploration well in the North Marakia Offshore Concession, Western Mediterranean this month. During a meeting in London betw...
Combining Floating PV With Compressed Air Energy Storage
Wedoany.com Report-Dec 12,Researchers from Egypt and the UK developed a new floating PV system concept that utilizes compressed air for energy storage. The system has a roundtrip efficiency of 34.1% a...
Norwegian Platform Invests $50 Million in Egyptian Renewables
Wedoany.com Report-Dec 12,Empower New Energy, a Norwegian solar investment platform, has signed a $50 million agreement with Egyptian independent power producer Engazaat to fund a renewable energy pro...