By Faridat Salifu
Egypt’s push towards green infrastructure investment is gaining momentum with the recent alliance between the European Bank for Reconstruction and Development (EBRD), French company Meridiam, and Egypt’s Hassan Allam Utilities (HAU).
This collaboration aims to establish a platform for investment in renewable energy projects, focusing on energy, food security, and water sectors in Egypt and potentially other African countries.
Under the umbrella of the Nexus Water, Food, and Energy (NWFE) initiative, led by the EBRD, the newly formed HAU Energy BV platform, we gathered, is set to drive investments in the energy transition sector.
According to reports the EBRD has been actively supporting Egypt’s energy landscape, particularly through projects like the Kom Ombo solar park, which recently reached financial close and is expected to add 200 MWp to the national electricity grid.
By fostering private sector participation in electricity generation, this collaboration is poised to accelerate Egypt’s renewable energy deployment and contribute to the country’s green energy transition.
With the government’s decarbonization plans in sight, the establishment of this investment platform signifies a significant step towards achieving Egypt’s renewable energy goals.
Observers note that as Egypt continues its energy transition journey, marked by the rapid development of wind farms in strategic locations like the Gulf of Suez, the collaboration between EBRD, Meridiam, and HAU holds promise for further advancements in sustainable energy practices.