Renewables | Egypt Oil & Gas - Part 4

NREA Denies Egypt Unattractive for Clean Energy Investments

The Executive Chairman of the New and Renewable Energy Authority (NREA), Mohamed El-Sobki opposed the new and renewable energy companies that had claimed that the sector is currently unattractive for investments.

Italy’s Eni Unveils 420MW Renewables Plan

Italian oil and gas giant ENI plans to develop 420MW of renewable energy projects, predominantly solar PV, close to its existing industrial gas plants across Italy, Egypt and Pakistan.

UK Firm to Lead Renewables Effort in Cuba

Leni Gas Cuba has inked a deal with UK solar power and storage specialists CFS (Commercial Funded Solar) to assess the potential for installation and operating renewable energy and hybrid power solutions in Cuba.

South Africa to Add More Clean Power to Grid

South Africa will connect 7,000MW of renewable power to its grid by mid this year, when the first 47 projects become fully operational, the Energy Minister said.

Total to Buy Battery Maker Saft to Expand Clean Energy

One more after Total announced the creation of a gas, renewables and power division to help drive its ambition to become a top renewable power generation, it agreed to buy France based battery manufacturer Saft Group ...

Egypt’s EFG Hermes Mulls Renewables Investments Rise

Egypt-based investment bank EFG Hermes is planning to increase the investments it manages in renewable energy from the current $831m to between $1.7 and $2.3b in the next two years.

Engie Plans $490m Renewables Investment in Egypt

Engie, a French energy company, is planning to set up two power plants – wind and solar - in Egypt, an investment worth $490m, according to the company’s Regional Director for North Africa, Amin Homan Lodi.

Masdar Completes 30MW Clean Energy Projects in Egypt

Masdar, Abu Dhabi’s renewable energy company, has completed the delivery of 30 MW clean energy projects and 7,000 solar home systems in remote and strategic areas across Egypt.

Eni Plans to Invest $22.5b in Africa Over Next Four Years

Italy's Eni plans to invest about $22.5b in Africa over the next four years, mostly in the oil and gas industry, the company's CEO, Claudio Descalzi, said. Currently, the Italian company is involved in projects in 15 ...

MENA’s Energy Investments Will Reach $900b Until 2020

The MENA region's total committed and planned energy investments will reach $900b over the next five years, according to a new report published by the Arab Petroleum Investments Corporation (APICORP).

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