EBRD, Meridiam, and Hassan Allam Team Up for Green Projects
This partnership aims to increase private sector involvement in Egypt's power sector and accelerate the country's transition to green energy.
By Inc.Arabia Staff
The European Bank for Reconstruction and Development (EBRD) has joined forces with Meridiam and Hassan Allam Utilities to boost green investments in Egypt.[1]
Together, they're launching HAU Energy BV, a new platform aimed at financing renewable energy projects primarily in Egypt, with potential expansion into other African countries.
This partnership aims to increase private sector involvement in Egypt's power sector and accelerate the country's transition to green energy.
It's a crucial component of Egypt's 10 GW renewables program, which the EBRD-led energy pillar of the Nexus on Water, Food, and Energy (NWFE) initiative launched during COP27 in 2022.
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