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EBRD
EGYPT

EBRD mulls EUR 165m loan to support grid upgrade in Egypt

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Arab Finance:The European Bank of Reconstruction and Development (EBRD) is planning to provide the Egyptian Electricity Transmission Company (EETC) a sovereign loan of up to E165 million to upgrade the country’s electricity transmission grid, the bank stated. The loan’s approval date has been set on December 13th. The funds will be used to finance the […]
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EBRD
Morocco

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to promote the adoption of eco-friendly practices within Morocco’s pharmaceutical sector

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The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to promote sustainability in Morocco’s pharmaceutical sector. This partnership underscores their commitment to greening the industry, reducing its environmental impact, and fostering sustainable practices. By supporting eco-friendly initiatives in the pharmaceutical sector, EBRD and the EU aim to contribute to […]
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MOROCCO GE wins contract to expand Aftissat wind farm by 200 MW
EGYPT

EBRD secures loan for 500MW Egyptian wind farm – EQ Mag

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Developed by Red Sea Wind Energy, the project will be located in the Gulf of Suez area The European Bank for Reconstruction and Development (EBRD) has secured a senior loan of up to US$100m to Egypt’s Red Sea Wind Energy to fund the development, construction and operation of a new 500MW onshore wind farm. Egypt’s […]
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Renewable Energy In Egypt A Greener Future For You And Me – EQ Mag Pro
EGYPT

EBRD grants $1.3bln to Egypt for green energy projects – EQ Mag

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This action is part of the Nexus of Water, Food, and Energy (NWFE) program’s framework The European Bank for Reconstruction and Development (EBRD) has given Egypt $1.3 billion to finance green energy projects over the next five years, Managing Director of the southern and eastern Mediterranean (SEMED) Heike Harmgart told Middle East News Agency (MENA) […]
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ACWA Power inks sustainable infrastructure financing MOU with EBRD
SAUDI ARABIA

ACWA Power inks sustainable infrastructure financing MOU with EBRD

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Potential funding per the MOU earmarked for sustainable infrastructure projects in Central Asia, Southern Caucasus and North Africa Riyadh, Kingdom of Saudi Arabia:  ACWA Power Company, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants, today signed a Memorandum of Understanding (MOU) to finance sustainable infrastructure projects with the […]
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Africa50 and Scatec refinance six solar power plants in Benban
OMAN

Azerbaijan solar giant secures $114m – EQ Mag Pro

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The EBRD and other development banks have approved a $114m financing package for a 230MW solar project in Azerbaijan. The funding will be provided to the Garadagh Solar Project developer Masdar Azerbaijan Energy, which is fully owned by Abu Dhabi Future Energy Company. Masdar is a leading renewable energy company operating globally and an existing […]
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EBRD to allocate USD 51 mln. for construction of Garadagh Solar Power Plant – EQ Mag Pro
EGYPT

EBRD to allocate USD 51 mln. for construction of Garadagh Solar Power Plant – EQ Mag Pro

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The European Bank for Reconstruction and Development (EBRD) has allocated a long-term preferential loan in the amount of USD 51 million for the development, construction and further operation of the Garadagh Solar Power Plant to be built in Azerbaijan by the UAE’s Masdar Company, APA-Economics reports quoting the EBRD. The loan, which is currently undergoing […]
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EBRD to lend up to $4.8m to Intro Sustainable Resources and Intro Solar S.A.E
EGYPT

EBRD to lend up to $4.8m to Intro Sustainable Resources and Intro Solar S.A.E – EQ Mag Pro

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The loan will finance Intro-SR’s equity stake in a portfolio of energy efficiency, waste to energy, waste management, and solar photovoltaic (PV) projects. The European Bank for Reconstruction and Development (EBRD) announced this week that it is lending up to $4.8m to Intro Sustainable Resources (Intro-SR) and Intro Solar S.A.E in Egypt. The loan will […]
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EBRD invests $100m in Egyptian solar power green bond
UAE

EBRD invests $100m in Egyptian solar power green bond

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RIYADH : The European Bank for Reconstruction and Development is investing $100 million in a certified green bond issuance of $334.5 million, backed by Scatec’s six solar power plants in Egypt, according to a press release. This green bond is certified under climate bond standards. It is also the first private green bond issued in […]
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