Alexandria Fertilizers Company (AlexFert), a subsidiary of Valmore Holding, has signed a 30-year Power Purchase Agreement (PPA) with SolarizEgypt to supply its manufacturing facility in Alexandria with a capacity of 1 megawatt (MW) of solar power.
Under the PPA model, AlexFert will benefit from clean, reliable, and competitively priced electricity without any upfront capital investment, while SolarizEgypt will finance, develop, own, operate, and maintain the solar power plant throughout the agreement’s duration, noted a statement by AlexFert.
SolarizEgypt is an Egyptian renewable energy company that develops and operates solar power projects through PPAs, Its main projects in Egypt include solar plants at El Gouna Touristic City, El Montazah Water Desalination and Treatment Plant, and Coca-Cola facilities.
The project is expected to provide AlexFert with approximately 1.58 gigawatt-hours (GWh) of clean electricity annually, reducing its electricity consumption from the national grid by around 4.2%. It is also expected to avoid approximately 718 metric tons of carbon dioxide (CO₂) emissions annually, equivalent to an estimated 21,528 metric tons over the 30-year agreement.
Alaa El Banna, Chairman of AlexFert, said the agreement represents a practical step in the company’s strategy to improve the sustainability and efficiency of its industrial operations. Meanwhile ,Jon Rokk, CEO of Valmore Holding, said the agreement reflects the holding company’s approach to supporting its portfolio companies in developing more efficient, resilient, and sustainable operations.
AlexFert’s commitment to cleaner production was underscored by its recent memorandum of understanding with United Energy Group (UEG) to explore a green ammonia project powered by green hydrogen and renewable energy. The initiative aims to shift away from conventional, fossil‑fuel‑based ammonia output toward more sustainable methods.
Established in 2003, AlexFert is a fertilizer manufacturer based in Alexandria. The company produces anhydrous ammonia as an intermediate product, as well as granular urea and ammonium sulphate. Its manufacturing facility covers approximately 110,000 square meters.
