AlNowais To Invest $1 Billion In Two RE Projects In Egypt
26 December 2021AlNowais Investments to invest $1 billion in two renewable energy projects of 500 MW capacity in Egypt. The plant will be completed in the span of 2 to 3 years.
The first project will be a solar plant located in Southern Egypt whereas the second plant would be a wind farm located on the Red Sea.
The company also plans to invest in a green hydrogen project in Africa. AlNowais Investments is arranging a consortium with Japanese, German, and Italian companies to generate green ammonia as a fuel for aircraft.
Related
-
Scatec secures financing for 60 MW of solar in Botswana
21 December 2024
-
Enel to retrofit battery storage at century-old pumped hydro storage plant
20 December 2024
-
CEEC Largest Integrated Solar and Energy Storage Power Plant in Egypt Breaks Ground
20 December 2024
-
Malaysia forms JV with China Communications to run East Coast line
20 December 2024
-
Polish capacity market auction for 2029 catalyzes gigawatts of battery storage
20 December 2024
-
Envision Energy signs its largest single wind contract in Philippines
20 December 2024