| Project Detail |
Location:
Egypt
Project number:
54346
Business sector:
Energy
Notice type:
Private
Environmental category:
IESE
Approval date:
21 Feb 2024
Status:
Concept Reviewed
PSD disclosed:
17 Jan 2024
Project Description
Provision of an equity investment of up to USD 75 million (EUR 68.5 million) in HAU Energy BV, a funding vehicle ("Company") established by Hassan Allam Utilities ("HAU"). The EBRD investment will raise capital for the development and construction of renewable energy projects in the region, including HAUs most imminent project, namely, the 1.1 GW Gulf of Suez wind farm in Egypt (the "Project").
Project Objectives
The Project will further promote private sector participation in the Egyptian power sector and support the roll-out of renewable energy projects in Egypt and the region to achieve the nationally declared targets. |
